Manage episode 288160500 series 46481
The average person in a developed country spends 25-35 percent of their life working to pay taxes. That means more than two hours of every workday are dedicated to feeding your government. Today’s guests discuss how instead of working to pay taxes, you can invest to pay zero taxes—legally!
Tom Wheelwright, Rich Dad Advisor on taxes says, “The real purpose of the tax law in your country is to provide incentives to business owners and investors. The law would be three pages long if it were not for that. Instead, it has thousands of pages to give these incentives to business owners and investors.”
Ken McElroy, Rich Dad Advisor on real estate says, “When we look at real estate, we are looking at it from a long-term, cash-flowing, pay-less-tax-strategy regardless of what’s happening in the market.”
Hosts Robert and Kim Kiyosaki, and guests Tom Wheelwright and Ken McElroy discuss the exact formula they use for investing in real estate and how they pay zero in taxes.
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