The Government’s Incentives for Entrepreneurs – Robert Kiyosaki, Garrett Sutton, and Tom Wheelwright
With a new Administration in the White House, there is a lot of speculation surrounding Biden’s tax plan and the impact it will have on business owners. In today’s episode, the guests discuss how you can take advantage of tax incentives regardless of who is in office.
The rich pay very little in income taxes because they don't earn their money as employees do. They know that the best way to legally avoid taxes is by generating passive income out of the right side of the CASHFLOW Quadrant—the Business (B) and Investing (I) side.
Tom Wheelwright, Rich Dad Advisor and author of “Tax-Free Wealth: How to Build Massive Wealth by Permanently Lowering Your Taxes” says, "Tax laws are a series of incentives for Entrepreneurs and Investors. If you're going to make the big bucks and pay less taxes, you better focus on getting to the B / I side of the CASHFLOW Quadrant."
Garrett Sutton, the author of several books, including “Start Your Own Corporation” says, “It’s important to set up your entity to protect yourself from paying high tax rates and lawsuits.”
Hosts Robert & Kim Kiyosaki and guests Garrett Sutton and Tom Wheelwright discuss the tax advantages for business owners and how to pay less tax legally.
Visit Tom Wheelwright’s website: Visit Garrett Sutton’s website:
Facebook: @RobertKiyosaki
Twitter: @TheRealKiyosaki
Instagram: @TheRealKiyosaki
Love reading and watching about Robert and Kim and how to do it right. Them two and Donald Trump, make lots of money an wealth, while encouraging others and teaching us all how to do it too. So glad I got handed a roll of silver quarters as gas money three and a half years ago. It saved my life an my kids future. Keep up the good work Robert and Kim
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Lighting candles and praying, loving it Kiyosaki!
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12-15 even 8 years ago everyone took Robert for a fool! Even Dave Ramsey did. As a graduate of D Ramsey and now a student of R Kiyosaki, everything he has said since 1996-1997 has come true! Some of his predictions have been late by a couple years but it still happened. This bubble we are in scares the hell out of me, but I am going to look at it like an opportunity! Poor people panic, wealthy people see opportunity
Can you point me to in the Direction of becoming a student of Roberts
Truth!
Start by reading Rich Dad Poor Dad
I would love to be a room with your group for a two or three day seminar. Can you make this happen? So much more to learn. 500k 2020 taxes make me want to cry 😂
Wooow! Thank you so much for that series on taxes was waiting for it and looking for it 😎 Can you talk about the wealth tax as well? Kim and you are worry about it? If not, which i assume isn’t the case, can you share how are you planning to avoid it legally?
@Wᐩ𝟏𝟕𝟑𝟐 𝟗𝟓𝟓 𝟕𝟏𝟖𝟕 Thank you so much
You guys (and girl) are bang on! Love to hear voices of reason in a unbelievable stupid, crazy world. I love Trump too!!
28:40 As a small business owner, I have realized how terrible most CPA’s are. I have fired 6 consecutive CPA’s because I found egregious errors in their tax preparation. I don’t hire them becuase I don’t know how to do it, I hire them becuase my time is spent on better things. The moral is, the financial education most CPA’s get in the current failure of a university system is a joke. They hand out diplomas to meet diversity quotas, not becuase the graduates are qualified.
A college degree amounts to less and less every year that goes by.
Long-live Rich Dad Education and God bless the Kiyosakis. 🙂
Mrs Clarissa is legit and her method works like magic I keep on earning every single week with her new strategy
Anyone who she handles he’s or her trade for I believe is so lucky
No exact amount but a profit range from $1200 to $13,000 depending on the coin fluctuation in market
Trading without a professional like expert Mrs Clarissa is like gambling with your money
I’m from Australia , I and two other of my friends tried her immediately we testified, her performing wonders🇦🇺
†𝟭𝟴𝟬𝟱𝟰𝟳𝟱𝟰𝟱𝟲𝟭█ ▇ ▆ ▅
I live in Vietnam, I really love your books. and I am trying to learn English every day so that I can listen to your videos. Hope you create Vietnamese subtitles so that in Vietnam can easily learn through your videos. I love you. I love your book. thank you very much
Thank you so much for these videos. Can you talk about how to find good QUALIFIED tax advisors and attorney’s? Thank you.
Robert is proving that something most people view as a liability like paying for tax preparation can be turned into asset if you know what your doing.
@The Rich Dad Channel why doesn’t your channel name have the verified mark? 🙄😒
Robert Kiyosaki is right people complain about taxes and say “the rich are screwing us” instead of doing something about it by getting attorneys and accountants
Go look up why Peter Schiff’s dad died in jail.
Speaking of taxes. Did anyone notice the new line item on the tax return wanting you to report any crypto and virtual currency that you acquired or disposed of in 2020? They are coming for it all.
@Bárbara Herda That is pure fraud on the part of the government… looks like the Biden administration is looking to run the government just like they ran their foreign aid extortion rackets.
@double AA It must’ve been SLV on stock market, ETF paper silver, not the real physical silver.
@John Smith Biden admin with Janet Yellen & IRS are looking to tax “unrealized gains”…
Time to shut down the f***g politicians, IRS and Fed Res.
@double AA if i havent sold i havent realised P/L so theres nothing to tax. and wheres my coin gone to. which address? prove it
@John Smith it’s not taxable until you sell it but
I got a letter from irs dating 3 years about some silver I sold it wasn’t even more than 10k they just had bank account deposit transaction.
I had to pay back with penalties
This truly provided me with so much insight . Keep it up !
Thanks for your comment there’s a gaining key on how to invest more right now,……. if you want to make great profits
Yes we have to understand taxes! Thank you for this great discussion.
Robert stays keeping it financially real 💰 💯
For the 2% that read this I wish you success 🙏 keep grinding!
King spotted 🔱
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Bro you mean 0.001% we are the select few
Hello Sir I am currently reading your book ” Rich Dad Poor Dad “. The book and the experience you share was totally helpful for the people who want money work for them.
Thank You for giving us a guideline for better future.
Love from India❤️
I love that book. In fact I am sharing lessons learned from it on my channel and people are loving the videos. What is your main lesson from the book? Mine is “Mind your business”.
The Kiyosaki’s are truely good people. You will never get any of the truely rich to help speak up about this stuff because it hurts their business. Be thankful for people like these and leaders like Donald Trump because they are 1 in a billion.
Add Grant and Elena Cardone to the list!