The Government’s Incentives for Entrepreneurs - Robert Kiyosaki, Garrett Sutton, and Tom Wheelwright

With a new Administration in the White House, there is a lot of speculation surrounding Biden’s tax plan and the impact it will have on business owners. In today’s episode, the guests discuss how you can take advantage of tax incentives regardless of who is in office.
The rich pay very little in income taxes because they don't earn their money as employees do. They know that the best way to legally avoid taxes is by generating passive income out of the right side of the CASHFLOW Quadrant-the Business (B) and Investing (I) side.
Tom Wheelwright, Rich Dad Advisor and author of “Tax-Free Wealth: How to Build Massive Wealth by Permanently Lowering Your Taxes” says, "Tax laws are a series of incentives for Entrepreneurs and Investors. If you're going to make the big bucks and pay less taxes, you better focus on getting to the B / I side of the CASHFLOW Quadrant."
Garrett Sutton, the author of several books, including “Start Your Own Corporation” says, “It’s important to set up your entity to protect yourself from paying high tax rates and lawsuits.”
Hosts Robert & Kim Kiyosaki and guests Garrett Sutton and Tom Wheelwright discuss the tax advantages for business owners and how to pay less tax legally.
Visit Tom Wheelwright’s website: wealthability.com Visit Garrett Sutton’s website: corporatedirect.com
www.richdad.com/
Facebook: @RobertKiyosaki
/ robertkiyosaki
Twitter: @TheRealKiyosaki
/ therealkiyosaki
Instagram: @TheRealKiyosaki
/ therealkiyosaki

[@JohnBoygames]

For the 2% that read this I wish you success 🙏 keep grinding!

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[@cameronbrenen8393]

Good looks my nigga

[@Daevus]

Bro you mean 0.001% we are the select few

[@Leveluplifeamen]

King spotted 🔱

[@thegreatbenis225]

The Kiyosaki's are truely good people. You will never get any of the truely rich to help speak up about this stuff because it hurts their business. Be thankful for people like these and leaders like Donald Trump because they are 1 in a billion.

[@TranslatedAssumption]

Add Grant and Elena Cardone to the list!

[@nikhilraghuwanshi]

Hello Sir I am currently reading your book " Rich Dad Poor Dad ". The book and the experience you share was totally helpful for the people who want money work for them. Thank You for giving us a guideline for better future. Love from India❤️

[@SherifaNakalema]

I love that book. In fact I am sharing lessons learned from it on my channel and people are loving the videos. What is your main lesson from the book? Mine is "Mind your business".

[@borisbuliak3626]

I love Trump and thank you and Kim for all the educational content 👍

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[@borisbuliak3626]

Am into buying water

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[@SherifaNakalema]

Yes we have to understand taxes! Thank you for this great discussion.

[@AndrewScottENT]

Robert stays keeping it financially real 💰 💯

[@jorgefelix4540]

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[@yamilaviana2022]

Love the rich dad channel!!!! 🇺🇸❤️✨✨✨

[@BLDUBMUSIC]

awesome episode! thanks rich dad!!

[@liv4rt453]

The bigggest episod i m looking fir this kind of episoade for months

[@christopherdrake8406]

Lighting candles and praying, loving it Kiyosaki!

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[@mosesokech3894]

My mentor .Always bold and real.

[@theluckshow9617]

Nothing but pure gold in this video. Thank you Robert.

[@javierquiroz9320]

Currently workin on my real estate license while working full time job got 2 kids single how are u going to tell me don’t work how u going. To feed family ?

[@ianyu3265]

This truly provided me with so much insight . Keep it up !

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[@laurentakasato9457]

Could you make a video on small business tax incentives

[@sergdancer22]

Grateful for Your Radio 📻 Show

[@FacebookCom-uv9vo]

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[@abel2s]

Thank you so much for these videos. Can you talk about how to find good QUALIFIED tax advisors and attorney’s? Thank you.

[@WholeHealthConnections]

great awareness brought to this subject. thank you

[@prkzoomin6994]

Good Quote, Don't stress over anything that you can't change

[@saddamahmad2310]

thank you very much sir for this video

[@donnaburns7873]

I love how Robert says “ go to college makes you a loser” but then interview people that brag about their college degrees... anyway still a great show. The way I see it. No matter what you do learn the game, make money, invest wisely, be smart to avoid taxes and live your life. You can only be a loser if You do nothing about your situation..

[@habbibisfamilia6258]

Why should taxation n regulations be enforced by the goverment what happend to the free market when mr Ford made his buisness he payed 1500 a week to each worker to produce the car n now if u work in a factory the most u make is 800 to 1100 a week I'm sorry but trump did exactly what biden is doing which is print money to fake stimulate the economy dont commend someone for avoiding taxes when hes declared bankruptcy so many times it's not cool to have the right to get okay passes for fuking up by making the mass population pay for it so many hedge funds were forgiven n the problem with that was inflation n prices remained the same instead of going down which is what's supposed to happen in a prosperous economy n when people blame the rich they dont blame all they blame people who used goverment influence to only better themselves cough trump cough n others ofcourse who got bailouts so when u make these videos please dont act like u dont know anything it's so disrespectful when I come to a video made by u I dont expect to hear exactly what mass media is spouting wat a sad day for me to hear mr Robert trying to blind people from the truth republican n Democrats work together we need to take out to fed reserve n go back to the gold standard

[@joakingart8741]

I love this Channel!

[@niklausmichaelson4684]

Where can I get Tom Wheelwright's updated book on Tax Free Wealth

[@TranslatedAssumption]

Amazon

[@Kwameking1]

Thank you all.Most appreciated.Should have 1 Million or more views.

[@christiang.5024]

Long-live Rich Dad Education and God bless the Kiyosakis. :)

[@davidvillena8432]

Looove the show, hugs from Peru.

[@user-wu2bo8nl8u]

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[@chrisjustus5446]

I hated my so called formal education.

[@asterix6139]

Wooow! Thank you so much for that series on taxes was waiting for it and looking for it 😎 Can you talk about the wealth tax as well? Kim and you are worry about it? If not, which i assume isn't the case, can you share how are you planning to avoid it legally?

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[@asterix6139]

@@user-wu2bo8nl8u Thank you so much

[@ProudToBeAfrican_]

Robert Kiyosaki is right people complain about taxes and say “the rich are screwing us” instead of doing something about it by getting attorneys and accountants

[@QuantumFengShui]

Go look up why Peter Schiff's dad died in jail.

[@cindynieto2822]

Thank you learning 🙏 ☺️ 🙌

[@leviorourke7498]

Love reading and watching about Robert and Kim and how to do it right. Them two and Donald Trump, make lots of money an wealth, while encouraging others and teaching us all how to do it too. So glad I got handed a roll of silver quarters as gas money three and a half years ago. It saved my life an my kids future. Keep up the good work Robert and Kim

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[@_Epictetus_]

Robert you should really sit down and talk to Peymon at Freedom Law School

[@rhongolf]

Love the show. Great information. Only thing about golf and the Masters. Once you win the Masters, you are invited back to play for life.

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[@girishbhargava6367]

Imagine getting a like from Mr Robert Kiyosaki. Sir, your book RICH DAD POOR DAD is truly awesome.......

[@9999760]

amazing content

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Whs'@pp + 1. 9. 5. 1. 4. 6. 7. 2. 4. 0. 3*

[@451credit]

Robert is proving that something most people view as a liability like paying for tax preparation can be turned into asset if you know what your doing.

[@451credit]

@The Rich Dad Channel why doesn't your channel name have the verified mark? 🙄😒

[@LC-vz1ns]

I know this is unrelated to this video, but I'm watching one of your older videos regarding gold & silver. I wanted to ask your thoughts on a crypto currency that is backed by gold and silver and thought it would be better to ask on a more recently posted video.

[@LC-vz1ns]

@@FacebookCom-uv9vo Thank you!

[@ayandas7723]

Hello sir from India. Its 1:36 AM in India...

[@vuthinhan3882]

I live in Vietnam, I really love your books. and I am trying to learn English every day so that I can listen to your videos. Hope you create Vietnamese subtitles so that in Vietnam can easily learn through your videos. I love you. I love your book. thank you very much

[@heatscouters7800]

I was told I shouldn’t incorporate in Delaware because I’m a single member LLC. I currently reside in New York. What should I do?

[@susanhenry6429]

Mrs Clarissa is legit and her method works like magic I keep on earning every single week with her new strategy

[@alexbenny1713]

Wow I' m just shock someone mentioned expert Mrs Clarissa thought I' m the only one trading with her

[@alexbenny1713]

She helped me recover what I lost trying to trade my self

[@hannelorerossler262]

My first investment with Mrs Clarissa gave me profit of over $24,000 us dollars and ever since then she has never failed to deliver and I can even say she's the most sincere broker I have known

[@mikejuwan7120]

expert mrs Clarissa has been managing my trade for months and I keep making profit every week,made $15,130 last week

[@conniemcqueenschodnhofer4744]

Hello. Any one there Please how can I reach this Mrs Clarissa I've already lost enough of money trading for myself

[@anonsmith8463]

Mahalo from the Hamakua Coast.

[@anonsmith8463]

@The Rich Dad Channel LOL

[@Leesuh143]

You know what that is so true. Having coaches just makes sense.

[@TimOthy222]

I would love to be a room with your group for a two or three day seminar. Can you make this happen? So much more to learn. 500k 2020 taxes make me want to cry 😂

[@joshthepwnr22]

I heard Monero would be the next big boy upcomin... *safety....safety* ... sadly I got no money to invest atm.

[@murdockerudite3721]

Every cent counts, not only in montary value but in principle. Do you know how much it matters to defend you self

[@pavankumar7235]

I'm fan of Robert.

[@BoostMobile-jl9gn]

I work for a tax company and the customer called the boss saying they didn't receive there tax refunds. I shock my head

[@felixramos5808]

Hahaha

[@scsmith4604]

Speaking of taxes. Did anyone notice the new line item on the tax return wanting you to report any crypto and virtual currency that you acquired or disposed of in 2020? They are coming for it all.

[@luisgrados2875]

Thats a lot of scammers

[@JohnSmith-fh5du]

prove it and find it. can't.

[@JoelSonofJack]

Check out yt channel called the crypto teacher. Very eye opening.

[@doubleaa658]

@@JohnSmith-fh5du simply ! Banks will automatically report any transactions that went to crypto! Unless you bought you crypto in money order lol 😂

[@waynesmith3919]

@@doubleaa658 i lost my seed phrase....

[@dandyeb6694]

You guys (and girl) are bang on! Love to hear voices of reason in a unbelievable stupid, crazy world. I love Trump too!!

[@liv4rt453]

Talking about California like you would talk about România

[@gusmg1912]

Great video

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[@FacebookCom-uv9vo]

Whs'@pp + 1. 9. 5. 1. 4. 6. 7. 2. 4. 0. 3*

[@markmyjak7739]

Does anyone know how to fill out IRS Form 1116?

[@markmyjak7739]

Robert, thank you very much for your help. Also, thank you for putting out the book, Rich Dad, Poor Dad. Because of your book, I look at everthing as an asset or liability and can I get cashflow out of it.

[@littlebear4264]

respect 💪

[@littlebear4264]

@The Rich Dad Channel thank you!! ❤️

[@EnFuegoDuo]

28:40 As a small business owner, I have realized how terrible most CPA's are. I have fired 6 consecutive CPA's because I found egregious errors in their tax preparation. I don't hire them becuase I don't know how to do it, I hire them becuase my time is spent on better things. The moral is, the financial education most CPA's get in the current failure of a university system is a joke. They hand out diplomas to meet diversity quotas, not becuase the graduates are qualified.

[@TranslatedAssumption]

A college degree amounts to less and less every year that goes by.

[@zcharg0]

I don’t know about the USA but an S in Australia remains an S. Australia Tax Office is brutal with ya.

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[@clearvaluetax3452]

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[@chrisjustus5446]

LLC yes we did and went bust. I just gave up.

[@dotrichardson78]

!!! BAIL OUT !!!! SWIM FOR SHORE !!!! THIS SHIP IS GOING DOWN IN FLAMES !!!!!!!!!!!!

[@thehighriseconstructionob9679]

Who is the last parson who read 6000 page of tax law please let me know ? I need keep good advice coming.

[@nickbehrooz596]

12-15 even 8 years ago everyone took Robert for a fool! Even Dave Ramsey did. As a graduate of D Ramsey and now a student of R Kiyosaki, everything he has said since 1996-1997 has come true! Some of his predictions have been late by a couple years but it still happened. This bubble we are in scares the hell out of me, but I am going to look at it like an opportunity! Poor people panic, wealthy people see opportunity

[@chrisnstac]

Truth!

[@Monikah_Empress]

Can you point me to in the Direction of becoming a student of Roberts

[@TranslatedAssumption]

Start by reading Rich Dad Poor Dad

[@loft27ss]

Look up fundamental of Economics by Ray Dalio

[@sonalipal2273]

One of the best chunks of people.... I ever saw🔥🔥🔥🔥

[@adivagnoxavier7803]

Just the time Im finishing reading Rich dad conspiracy of the rich, by the time a gave a pause i turned to my instagram and look... there what i just read in this book... wow wow wow.

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[@awarenesswithandrew9476]

fantastic stuff thank you for sharing. pew pew pew 🦄🦄🦄

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[@thehighriseconstructionob9679]

We are keep talking tax from 6000 page rule ? When can we invent & time to study for new creation ?

[@caveman3251]

Wait so if I haven’t done it in 3 years should I be worried I’m 24

[@therichdadchannel2717]

What’s your email I’ll reach out

[@jacobomonjara]

i gonig to new york tomorrow

[@ilyafastovets5393]

The bad news and bad news about taxes. No good news

[@chrisjustus5446]

I now just DO as little as I absolutely must.

[@PhoenixCrown]

"Entity for stupidity" lol, and Tom says it's an estate >_

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[@quansun4634]

I need to understand how to get in the I side of the chart. The B side is the corporation which is understandable. I side is insider investing. Is that real estate investment? I think that is it. Also assets, include intellectual properties, correct?

[@AndrewScottENT]

Yes and yes 👍🏼

[@AndrewScottENT]

I just stands for investments.

[@javierquiroz9320]

So I need a job to buy real estate ?

[@anthonyfabricatore8330]

Who would you recommend where to place your LLC to not get sued by anyone for pettiness?

[@TranslatedAssumption]

Wyoming, Nevada, or Delaware

[@chrisjustus5446]

Hunger is a great sauce!

[@GMax17]

He keeps showing that chart, stop that! Walk us through in details please!

[@javierquiroz9320]

Bro he’s selling the new book wake up still love Robert but he just says the same thing over again

[@geo1134]

There wasn't one actual tax reduction or asset protection strategy discussed in this podcast! I'm suing for the last 20 minutes of my time

[@user-wu2bo8nl8u]

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[@user-wu2bo8nl8u]

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[@magcitrate]

What’s he mean by “qualified?”

[@VivaSaludableconMarla]

My LLC HAS NO MONEY

[@ToniDJohns]

Hallelujah!!! HALLELUJAH !!!! ...follow the money, you find the players, follow the the players you find the game, follow the game you find the taxes

[@amenlion88]

Carbon tax=if you use a gas vechicle

[@juronin6636]

Hello hello hello!

[@DigitalNomadOnFIRE]

How is S, Small Business worse off? Makes no sense. You can expense things through the business, of course as an LLC / Ltd company. Your B quadrant you said is 500 employees so where do small LLC's sit?

[@jorgefelix4540]

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[@livetruepurpose8447]

1 / 4

[@ayotori5815]

26:24 lool Robs voice

[@FacebookCom-uv9vo]

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[@annetteschiever6328]

But doesn’t taking advantages of gov’t incentives open a door to government agencies to nose into your business?

[@user-wu2bo8nl8u]

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[@user-wu2bo8nl8u]

1 3 1 5 5 6 3 1 0 8 8

[@warrentoles3127]

California's gotta step it the fuck up.

[@vero.g7657]

I want to get SMARTER 🤚🏼

[@umarovmuhammadsolih618]

So?

[@lornegreen7754]

Robert be having me cracking up 😆

[@user-wu2bo8nl8u]

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[@user-wu2bo8nl8u]

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[@UBLAunripped]

RICH DAD RADIO SHOW with Robert & Kim KIYOSAKI -- DOUBLE your audience -- [ value ] -- but also maybe time Kim's name was in the game / show -- she has added VALUE for YEARS -- maybe her name in the game is a good thing ? :)

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[@CarlosBadCo]

The few comments here validates that no one is daring enough to be financially independent and become truly free.

[@JLW667]

13:40 28:37 8:20 8:27 21:55 Incentives 6:48 Neveda 14:11 27:58 Be an S and Act like a B 4:39 7:35 11:07 Accountant and Attorney 25:26 33:33 Employee tax breaks 1:13 Taxes

[@cerealsdevanne7916]

I have been into business for a while but I decided to take a 2yr contract job so that I can backup my businesses because I really wanted to increase my working capital.... Am I doing the right thing kindly advice.

[@smartinnocent5087]

Employees thinks the raise in taxes is to punish the rich, they don't know it will affect them the more.

[@daffafafrizal9905]

I come from Indonesia Has anyone in Indonesia watched this helpful video? I❤️🇺🇲

[@user-wu2bo8nl8u]

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[@user-wu2bo8nl8u]

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[@VivaSaludableconMarla]

I don't want to pay taxes

[@BoostMobile-jl9gn]

Paying more taxes on business that abusurd!

[@user-wu2bo8nl8u]

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[@user-wu2bo8nl8u]

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[@adubbization]

I don't know what employees do lol

[@christophersbutler3654]

Very sad for many. Not allowed to provide for their families. Not what USA is all about...or at least, was about.

[@jorgefelix4540]

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[@The_DropTV]

😂😂😂😂jet, good one

[@stephentorkildson878]

. If I may suggest there’s a huge fear people have of the irs and it stems from ignorance- thank you for educating the masses, it’s much appreciated

[@victorng6943]

I love more Robert kiyosaki rather then Trump or biden.

[@James-il3tq]

You can work for money (employees) or have money work for you (entrepreneurs). For those who think they don't have money to start a business my girlfriend started with NOTHING, got a government qualified small business loan and used her truck as collateral. Also ask yourself have you saved money or spent it all on toys and things you could do without? With interest rates near zero and banks loaning money to almost anyone the opportunity has never been better.

[@SherifaNakalema]

Love that comment!