It's a fact of life that you will have to pay your taxes each year, and it's equally inevitable that you'll hear people complain about them. Those who are tired of grumbling about having to pay their own taxes will often grouse about how much money the rich manage to avoid paying. No matter how one looks at it, it seems unfair-- those with less bear the greater part of the burden while the wealthy have lawyers working around the clock finding new ways for them to avoid paying their share. With this state of affairs, it's no wonder that the lower and middle classes resent the rich.
Well, the fact is, no amount of grumbling and complaining is going to make the powers that be suddenly make things fair for you. This is because of the Golden Rule: "He who has the gold, makes the rules." Chances are, they are going to make the rules in their favor. They're going to keep all the good tax breaks to themselves. They are going to tell you there just isn't enough money to go around, even as you watch so many people drive around in so many expensive cars and eat in so many posh restaurants. Even politicians who promise tax breaks to the downtrodden masses-- even the ones who are sincere in their desire to help the average working stiff-- are limited in their ability to affect the system.
In order to not be one of the many who are getting the short end of the stick, you're going to have to step up and take the advantage for yourself. It's true-- you can get tax breaks like the rich do. You simply need to know how, and put forth the effort to get them.
In his Rich Dad book series, Robert Kiyosaki advocates figuring out what the rich do to be rich, and do that. Except that you don't have to figure it out. He didn't even have to figure it out, because he had a rich "dad" to tell him the secret of the rich: investing. Especially in 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.
Kiyosaki prefers to belong to the Business and Investment quadrants because that, he says, is where the money is.
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.
This is how you become rich: put money into investments and let that money multiply as you sit back and watch. You can, of course, continue working as an employee while your investments make you money, but Kiyosaki believes that the more profitable path is to venture into the 'B' quadrant and formulate a business model that will help you to create wealth with minimum effort on your part. The most important thing, though, is that you do invest.
At the end of the day, those who invest in real estate, regardless of the type of property, are the ones who manage to join the ranks of the rich.
Well, the fact is, no amount of grumbling and complaining is going to make the powers that be suddenly make things fair for you. This is because of the Golden Rule: "He who has the gold, makes the rules." Chances are, they are going to make the rules in their favor. They're going to keep all the good tax breaks to themselves. They are going to tell you there just isn't enough money to go around, even as you watch so many people drive around in so many expensive cars and eat in so many posh restaurants. Even politicians who promise tax breaks to the downtrodden masses-- even the ones who are sincere in their desire to help the average working stiff-- are limited in their ability to affect the system.
In order to not be one of the many who are getting the short end of the stick, you're going to have to step up and take the advantage for yourself. It's true-- you can get tax breaks like the rich do. You simply need to know how, and put forth the effort to get them.
In his Rich Dad book series, Robert Kiyosaki advocates figuring out what the rich do to be rich, and do that. Except that you don't have to figure it out. He didn't even have to figure it out, because he had a rich "dad" to tell him the secret of the rich: investing. Especially in 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.
Kiyosaki prefers to belong to the Business and Investment quadrants because that, he says, is where the money is.
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.
This is how you become rich: put money into investments and let that money multiply as you sit back and watch. You can, of course, continue working as an employee while your investments make you money, but Kiyosaki believes that the more profitable path is to venture into the 'B' quadrant and formulate a business model that will help you to create wealth with minimum effort on your part. The most important thing, though, is that you do invest.
At the end of the day, those who invest in real estate, regardless of the type of property, are the ones who manage to join the ranks of the rich.
About the Author:
Author and Realtor Alexandria P. Anderson helps clients to find and purchase Golden Valley Townhomes and Golden Valley Condos in Minnesota.
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