Robert Kiyosaki’s SECRET Tax Hacks PART 1
https://www.youtube.com/watch?v=fY4OKy54Yfs
Discover a way to pay fewer taxes legally, deductions you can apply and the three strategies Robert Kiyosaki uses to pay 0% in taxes.
Regular employees pay about 40% in taxes while self-employed people like doctors, lawyers & accountants pay 60% tax. Business Owners, on the other hand, pay 20% tax with investors paying 0% in taxes. Wouldn’t you want to be on the right side of the CASHFLOW Quadrant? It is absolutely possible to go around paying 0% tax. You don’t have to be a crook to not pay taxes, you just have to be smart.
In fact, the government doesn’t want you to pay taxes. They use taxes as incentives to get you to do what they want you to do.
Best known as the author of Rich Dad Poor Dad-the #1 personal finance book of all time—Robert Kiyosaki has challenged and changed the way tens of millions of people around the world think about money. He is an entrepreneur, educator, and investor who believes that each of us has the power to makes changes in our lives, take control of our financial future, and live the rich life we deserve.
With perspectives on money and investing that often contradict conventional wisdom, Robert has earned an international reputation for straight talk, irreverence, and courage and has become a passionate and outspoken advocate for financial education.
Robert’s most recent books—Why the Rich Are Getting Richer and More Important Than Money—were published in the spring of this year to mark the 20th Anniversary of the 1997 release of Rich Dad Poor Dad. That book and its messages, viewed around the world as a classic in the personal finance arena, have stood the test of time. Why the Rich Are Getting Richer, released two decades after the international blockbuster bestseller Rich Dad Poor Dad, is positioned as Rich Dad Graduate School. Robert has also co-authored two books with Donald Trump, prior to his successful bid for the White House and election as President of the United States.
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47 Comments
What are some of your tax strategies to pay less in taxes this year?
"This video is a real eye-opener! Robert Kiyosaki explains tax strategies in such a simple and powerful way. I’ve learned more in 15 minutes than in years of school!"
0:54 Amortization
1:41 Appreciation
2:42 Depreciation
2:33
If you have a business thee are ways to deduct your business expenses . If I have apartment t rentals and I have to do renovations I can deduct the stuff that I buy as a business expense . If I did renovations in my house I won’t be able to deduct anything . As an investor having money in stocks I cans have millions and pay 0 taxes . As an employee making a salary you are the MOST Taxed. Having a high salary you are taxed MORE put also learn to invest some of that money as well it can be rental properties, stocks, franchises , everyone screaming tax the rich will you can’t tax the rich they have no income 😅 all there money is in there business . The middle class and poor end up paying all their taxes
I'm more lost than not after this lmao!
I want to know a lot about debt and taxes
WDo you have this info in Spanish?
My man got billions in the bank and he still using that small white board……..
man this is too complicated
i learned about depreciation as an uber driver, and not ever again will i pay taxes no matter how much money i make.
Amazing video.
The Sad thing is that Robert never tells you how much interest you will pay for having all that debt and if the market crashing and you have loans with no renters everything is lost, the money he makes is in his media.
So I get the tax benefit if I let other people rent the house or land I bought?
I think I get it….
Not understood what depreciation is ?
Can any tell bank have interest on debt in india. Is this. Formula really work for indian context
Well, what I understood that, it is simply as taking debts, having assets and after time you pay the bank but you still have a source of income right? 2:35
guys i am new to it so can someone explain this to me, it really went above my head
I just want to hear Robert kiyosaki speak😐
This is not only LEGAL, but also ETHICAL.
Why? Cuz you are creating values for society. Providing homes, food, and anything else that makes the society better.
Can someone clarify this. Rental income IS taxable. So how exactly is this working when you buy homes and rent them out? Am I missing a step?
It’s not a loophole if you’re simply deferring the taxes owed. Uncle same always wins
How is this not tax fraud, and not an incetive for speculation in the housing market?
there is a one guy who making house poor people, so,my question is,is he doing good or he has other intentions behind on this ?
Thanks for this valuble and informative episode lots of helpful tax strategies and gems for us
Omg now I see why my family business makes no money. I need to do more research and fix this
I know this video is 4+ years old but is depreciation even a thing anymore, or at least over the past 3 years? Also, 43 here with no home/friends, just started a retirement plan, & saving money for a down payment on a 4 plex (and my first furniture ever).
So what you actually saying is that i can take from my income e/s/b to buy assest or investments to lower my income tax bracket
its understandable but how is he able to get massive credit after so many bankruptcies
These people spend others money, and talk about being scot free when you get declared bankrupt. Keeping your own money, and never talking about the loss of others. And I think there must be a reason to why these guys make so many youtube videos. Probably because they ran out of money.
Literally the worst explanation ever
hard to belive but i rewatch almost 5 times yet still don't understand
One of the best and most important videos I've seen for my future career Thanks Tom and Robert
Which rich dad book covers depreciation?
so when i heard correctly: Your tax that you have to pay from your cashflow, goes into depreciation, because you borrow more money from the bank and because you buy real estate. So the taxes, turning from taxes into a check from the government to support you to buy real estate and pay off your debt faster, while you are paying your debt off with your cashflow from the asset (real estate). Am i right ??? Please Correct me if im wrong
jo is this tax rule guilty in any country, because germany for example is the worst when it comes to taxes
5:00
im still abit confused on tax depreciation
Depreciation is confusing
I need 1 million euro please .
Kind regards .
Thanks for this Robert 😊learning one day at a time.
Easier said than done
How come depreciation does not come out of your pocket when you bought that asset?
these are too many tax laws in different countries
damn guy the rich are really getting richer day after day😂
Taxes suck in Australia dutiies " gst " excise taxes