" I am a billionaire in debt, you know why?? because I get tax breaks for borrowing money. The more money I borrow the less tax I pays.
so what happens let's say on a commercial building and buy it for a million dollars goes up to 10 million dollars most guys would sell it the moment you sell it as you know as an attorney you've now executed a capital event a taxable event. so what I do is I buy a property for a million it goes to $10 million I'll borrow out five tax free. "
Robert Kiyosaki is an entrepreneur, educator, and investor, best known as the author of Rich Dad Poor Dad—the #1 personal finance book of all time.
He has challenged and changed the way tens of millions of people around the world think about money. And he has become a passionate and outspoken advocate for financial education.
Robert kiyosaki is the author of book FAKE: Fake Money, Fake Teachers, Fake Assets: How Lies Are Making the Poor and Middle-Class Poorer . Robert Kiyosaki broke the internet with this life changing speech. They don't want you to see this! This is why the poor stay poor and the rich get richer!
#shorts
#rich
#money
#financialeducation
#money
#realestate
#investing
so what happens let's say on a commercial building and buy it for a million dollars goes up to 10 million dollars most guys would sell it the moment you sell it as you know as an attorney you've now executed a capital event a taxable event. so what I do is I buy a property for a million it goes to $10 million I'll borrow out five tax free. "
Robert Kiyosaki is an entrepreneur, educator, and investor, best known as the author of Rich Dad Poor Dad—the #1 personal finance book of all time.
He has challenged and changed the way tens of millions of people around the world think about money. And he has become a passionate and outspoken advocate for financial education.
Robert kiyosaki is the author of book FAKE: Fake Money, Fake Teachers, Fake Assets: How Lies Are Making the Poor and Middle-Class Poorer . Robert Kiyosaki broke the internet with this life changing speech. They don't want you to see this! This is why the poor stay poor and the rich get richer!
#shorts
#rich
#money
#financialeducation
#money
#realestate
#investing
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