| In this episode, Robert Kiyosaki, is joined by tax advisor Tom Wheelwright to discuss the often misunderstood relationship between taxes, debt, and capitalism. Together, they unravel how real financial education can help individuals break free from the traditional, often punitive tax systems and gain financial independence. Understanding the Roots of Taxes Kiyosaki opens the discussion by referencing the *Communist Manifesto* and the *Capitalist Manifesto*, highlighting how a progressive income tax is key to the development of communism. He challenges the belief that paying taxes is a civic duty, arguing that real patriots should question the modern tax system, which starkly contrasts the values of financial freedom that sparked the Boston Tea Party in 1773. Debt and Taxes: A Capitalist’s Perspective A major part of the conversation centers on the intricate relationship between debt and taxes. Kiyosaki explains that understanding this relationship is crucial to mastering financial education. He introduces the concept of the *Capitalist Manifesto*, emphasizing that true capitalists can legally minimize or eliminate their tax burdens by operating within government-set frameworks, especially through strategic planning and investments. Legal Tax Avoidance: Real-World Strategies Kiyosaki and Wheelwright discuss real-world examples of how individuals can legally avoid paying taxes by investing in ventures aligned with government incentives, such as real estate, oil drilling, and renewable energy. Wheelwright points out that these incentives are designed to encourage economic growth, benefiting both the government and savvy investors. A Global Perspective on Tax Strategy The principles discussed in this episode aren’t just limited to the U.S. Kiyosaki emphasizes that these capitalist strategies can be applied worldwide, recounting examples from South Africa to Russia where local tax codes can be leveraged for financial success. The Power of Financial Education The conversation takes a deeper turn as Kiyosaki laments the lack of financial education in schools, stating that understanding tax codes and legal incentives is key to achieving financial independence. The overarching message is clear: education is the gateway to transcending conventional financial limitations and building lasting wealth. ----- Disclaimer: The information provided in this video is for educational and informational purposes only. It should not be considered as financial advice or a recommendation to buy or sell any financial instrument or engage in any financial activity. The content presented here is based on the speaker's personal opinions and research, which may not always be accurate or up-to-date. Financial markets and investments carry inherent risks, and individuals should conduct their own research and seek professional advice before making any financial decisions. |
You Might Also Like
Escaping the 9-to-5 with Real Estate – Tyler Jorgenson, Deyl Kearin
2024-07-24
In this episode of the Rich Dad Radio Show, guest host Tyler Jorgenson interviews Deyl Kearin, a successful real estate investor who has applied the principles from Robert Kiyosaki’s ‘Rich Dad Poor Dad’ to build a robust portfolio. Deyl discusses his investments ranging from multifamily properties to spec houses, his entrepreneurial journey, the importance of financial literacy, and balancing career with family life. Tune in to learn his strategies for success, the value of mentorship, and practical advice for those starting out in real estate.
Connect with Tyler Jorgenson at Bern Media: https://bit.ly/3WwHBOK
00:00 Introduction
01:07 Current Real Estate Ventures
02:33 Early Exposure to Rich Dad Concepts
06:51 Balancing Education and Financial Literacy
09:08 Learning the Real Estate
Investment Strategies in Food and Pharmaceutical Sectors – Andy Tanner
2024-07-03
Join host Andy Tanner and guests Noah Davidson and Corey Halliday as they discuss the current trends and investment opportunities in the food and pharmaceutical sectors. They dive into the impacts of new appetite-suppressant drugs like Ozempic, strategies to manage risk in volatile pharmaceutical stocks, and the resilience of staple food companies. The team also explores various investment strategies, including the use of options and ETFs to balance potential gains with risk. Tune in for valuable insights on navigating the evolving market landscape.
00:00 Introduction
03:22 Food and Medicine Sectors Overview
03:40 Pharmaceuticals: Risks and Rewards
05:33 Impact of Appetite-Suppressing Drugs
12:01 Kraft Heinz and Changing Consumer Preferences
16:09 Commercial Break and Sector Analysis
Apple, Nvidia, and Investing During Market Highs – Andy Tanner
2024-06-29
In this episode, Learn how to prepare for potential market downturns and capitalize on opportunities during economic cycles.
Andy is joined by financial experts Noah Davidson and Corey Halliday to discuss the current state of the market and strategies for navigating market highs. With the market hitting all-time highs, the conversation delves into the sustainability of this bull run, technical analysis, the influence of major stocks like Apple and Nvidia, and the importance of financial education. They also emphasize the need for protective strategies such as beta weighting, delta hedging, and using protective puts. Don’t forget to visit yourinvestingclass.com for more resources and training!
00:00 Introduction
01:58 Market Overview: Current Highs and Concerns
02:31 Technical Analysis
The Future of the Gold Standard and the Collapse of the Dollar – Robert Kiyosaki, Peter Schiff
2024-06-26
In this episode, Robert Kiyosaki is joined by economist Peter Schiff to discuss the potential return to the gold standard and the implications for the global economy. They delve into historical events like Nixon’s 1971 decision to take the dollar off the gold standard, the economic consequences of this move, and Schiff’s predictions for a future financial crisis. Peter Schiff shares his views on gold as real money, the flaws of the current monetary system, and what actions individuals should take to protect their wealth. The discussion also touches on the role of BRICS nations, the potential risks of a Fed coin, and the impact of a dollar collapse on the American standard of living. This episode is packed with valuable insights and is essential viewing for anyone concerned about their
¿Cómo Hizo Alejandro Cardona para Transformar $3,000 Dólares en Millones? (Cash y Deuda Buena)
2024-06-25
Si estás listo para dominar el arte de los ingresos pasivos y hacer que tu dinero trabaje para ti, inscríbete a la Mentoría para Reales Emprendedores;
👉 https://bit.ly/3V8BRZT 👈 ENTRA AQUÍ
¡Inscríbete hoy en nuestra academia para emprendedores!
En este inspirador episodio, nos sumergimos en la fascinante trayectoria de un emprendedor que convirtió $3,000 en una fortuna MILLONARIA.
Alejandro Cardona nos enseñará cómo utilizando principios sencillos pero poderosos de inversión y emprendimiento, logró triunfar donde muchos otros no pudieron. Aprenderás no solo sobre sus éxitos, sino también sobre los obstáculos que enfrentó y cómo cada desafío se convirtió en una oportunidad de oro.
Alejandro comparte valiosas lecciones sobre la importancia de la educación financiera y cómo esta puede
Attract Innovation with Spinout Culture – Tom Wheelwright & André Laplume
2024-06-21
In this episode, learn how to manage spinout from the employer’s side, how you can best bring out innovation within your team, and how to make appropriate decisions amidst spinout culture.
Join Tom Wheelwright as he discovers how we can create a culture that invites and encourages innovation within our small business with his guest, André Laplume. Dr. André Laplume, co-author of SPINOUT VENTURES, is a full professor of entrepreneurship and strategy at the Ted Rogers School of Management, part of Toronto Metropolitan University.
Laplume researches the intersections where new entrants and incumbent firms meet to break down the barriers facing entrepreneurs while helping managers deal with entrepreneurial ambitions in their organizations. His research has appeared in top journals like
Control of Food, Energy, and Money as Foreseen by Kissinger
2024-06-19
Henry Kissinger is quoted as saying, “If you control the food, you control a nation. If you control the energy, you control a region. If you control the money, you control the world.” History tells us this is true.
https://www.richdad.com/
Facebook: @RobertKiyosaki
https://www.facebook.com/RobertKiyosaki/
Twitter: @TheRealKiyosaki
https://twitter.com/theRealKiyosaki
Instagram: @TheRealKiyosaki
https://www.instagram.com/therealkiyosaki/
—–
Disclaimer: The information provided in this video is for educational and informational purposes only. It should not be considered as financial advice or a recommendation to buy or sell any financial instrument or engage in any financial activity.
The content presented here is based on the speaker’s personal opinions and research, which may
Why Silver is a Smart Investment Today – John MacGregor
2024-04-29
In this episode of the Full Disclosure Podcast, host John McGregor provides a critical update on current economic challenges, including a slowdown in the U.S. economy, persistent inflation, and a drop in market confidence.
MacGregor dives into the benefits of the 2017 tax cuts, counters common misconceptions about corporate taxes, and examines the implications of potential tax increases under the Biden administration. He also discusses the current state of the job market, highlighting the looming worker shortage and rise in workplace lawsuits due to a retiring baby boomer generation and the entry of Gen Z into the workforce.
Finally, McGregor makes a compelling case for investing in silver over gold, citing silver’s rarity, industrial use, hedge against inflation, and potential for
Tags: Featured,newsletter
36 pings
Skip to comment form ↓