Taxes are a necessary evil in our society, and for many it seems natural to grouse about having to pay a large percentage of our earnings to the government while those who have more money seem to be bearing less of the burden than they ought. It's certainly disheartening that it works this way-- as the fortunate shirk their obligations through legal loopholes, the rest have to pick up their slack. It's frustrating and unfair, and there's no question that many of the complaints against the upper class are quite legitimate.
Complaining of unfairness, though, changes nothing. The truth of the matter is that if you have money, you get to set the rules of the game to your advantage. If not, you're basically out of luck. Our society has worked in this way for many years, and you're fooling yourself if you expect it to change anytime soon. The rich will continue making more more and more money, going to fancy restaurants, and living in huge houses, as everyone else struggles to make ends meet. And what about the politicians in charge? They're rich too, and many of them are pleased as punch to watch their wealthy buddies dodge their tax obligations.
Because this is the way our society works, you can either sit and feel sorry for yourself or you can take steps better your situation. The truth of the matter is that, if you know the secrets of the rich, you can get these same tax benefits that the rich enjoy.
Robert Kiyosaki, author of the "Rich Dad, Poor Dad" books, makes the sensible suggestion that those who are not rich but would like to be should watch what the rich do, and then do the same. You don't really need to watch too closely, however, to learn the open secret of the wealthy-- that secret is real estate.
Kiyosaki's book "Cash Flow Quadrant," is centered around the titular diagram, which consists of a square split into four quarters labeled 'E' (employee), 'S' (self-employed), 'I' (investing) 'B' (business). These four categories not only describe the four ways in which individuals make their money, but also provides insight into how an individual's personality factors into the way in which they think about money.
According to Robert Kiyosaki, the real money is in the business and investment quadrants of the Cash Flow Quadrant.
As they say, if you can't beat 'em, you've got to join 'em. This is doubly true when you're talking about the wealthy. With this mindset, you'll realize that tax breaks for the rich aren't really so bad, since you can take advantage of them when you become rich.
Here's how. You become one of them by using investments to make your money multiply. You can do that while remaining also in the E and S quadrants, if you are well-paid, but Kiyosaki advises that you join the B quadrant, by building a business system that will essentially work on its own without much input from you. Then you can either keep it or sell it, but you must invest.
Investing, preferably in real estate-- condos, rental property, land and the like-- is your ticket to financial freedom.
About the Author:
Alexandria P. Anderson is a licensed Minnesota Realtor that uses the Minnesota Home Listings to help her clients to find and purchase MN Property.
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