![]() “Garret Sutton’s books on corporations provide wonderful insight into the power of personal corporations.” It’s one of the biggest legal tax loopholes that the rich use.” “A corporation earns, spends everything it can, and is taxed on anything that is left. Kiyosaki reminds people that financial IQ is made up of knowledge from four broad areas of expertise: “Each dollar in my asset column was a great employee, working hard to make more employees and buy the boss a new Porsche.” If money works for you, you keep the power and control it.” “If you work for money, you give the power to your employer. Kiyosaki’s rich dad did not see Robin Hood as a hero. “A true luxury is a reward for investing in and developing a real asset.” “An important distinction is that rich people buy luxuries last, while the poor and middle class tend to buy luxuries first.” “The best thing about money is that it works 24 hours a day and can work for generations.” Once a dollar goes into it, never let it come out. When Kiyosaki says mind your own business, he means building and keeping your asset column strong. ![]() Keep your daytime job, but start buying real assets, not liabilities. ![]() Kiyosaki generally holds real estate for less than seven years. “For people who hate real estate, they shouldn’t buy it.”
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