Why You’ll Never Stop Working for Money

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

🗓️ 17 March 2021

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

We all define retirement differently. For most, it probably involves an island somewhere, a hammock, a good book, and a glass of wine sitting next to you as you relax for the first time in a long time. In this episode, paper asset experts discuss why for so many people across the globe this is a dream they’ll never realize, and how the 401(k) was never designed to make you rich.
As Tom Wheelwright, Rich Dad Advisor on taxes says, “These government-qualified retirement plans provide temporary tax benefits, but they’re also the reason most people will never be able to stop working for money.”
Andy Tanner a Rich Dad Advisor and the author of “401(k)aos” and “Stock Market Cash Flow” says “If you plan to retire poor, the 401(k) is for you.”
Hosts Robert & Kim Kiyosaki and guests John MacGregor and Andy Tanner discuss the tax advantages and disadvantages of paper assets like stock, bonds, mutual funds, and 401(k)s.
Tom Wheelwright: www.wealthability.com
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Transcript

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0:00.0	This episode is brought to you by Slack. With Slack, you can bring all your people and
0:05.9	tools together in one place. It's your digital HQ where you can increase productivity,
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0:16.7	like huddles for quick check-ins or Slack Connect, which helps you connect with partners
0:20.9	inside and outside of your company. Slack, where the future works. Get started at
0:26.9	Slack.com slash DHQ.
0:30.9	Don't be like Charlie. Charlie is that do it yourself or who does himself in. Do it yourself
0:36.9	is good for tile and grout. It is not good for asset protection. Charlie thought he'd
0:42.0	save a few dollars forming his LLC online. With no guidance, he did it wrong. When he sold
0:48.1	the property, he lost thousands and thousands of dollars. He did himself in by trying to
0:53.3	do it himself. Don't burn yourself. Use corporate direct to set up and maintain your LLCs and
0:59.7	corporations. Corporate direct is owned and operated by attorney and rich dad advisor,
1:04.9	Garrett Sutton. Garrett wrote the best seller's loopholes of real estate and start your own
1:09.5	corporation. He is Robert Kiyosaki's attorney for asset protection. He and his team will do
1:15.2	it right. Visit them at corporate direct.com or call 800-600-1760.
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