Watch Robert and his Tax Advisor, Tom Wheelwright, do a LIVE Tax Strategy Session - Robert Kiyosaki

[@davidAIserrano]

Read Roberts books and now his KZbin shows are better education than I could pay from a university

[@tama-a-tumatauengahiku3647]

Definitely for financial literature. And if parents are illiterate when it comes to reading and numbers. Definitely go to school to learn the basics of these subjects

[@PassiveIncomeTom]

Learn to pay less taxes. 1. Educate yourself 2. Start a home based business 3. Buy rental real estate to save even more 4. Find a tax advisor who knows what they are doing

[@IrvOfficial]

Why this isn’t hammered down in schools is beyond me.

[@thedoodmj]

@@IrvOfficial School is all about indoctrination. They teach a pre-planned curriculum that feed you into a job system where you work for 40-45 years as an employee.

[@IrvOfficial]

thedoodmj facts! Why do you think more people don’t break out?

[@thedoodmj]

@@IrvOfficial Read or Listen to (on You Tube)'Outwitting the Devil' by Napoleon. He outlines it very succinctly. Powerful book.

[@IrvOfficial]

thedoodmj I will defínete check that out thanks

[@IncomeStreamsThatWork]

Love the advice! I never pay taxes!! Love the legal deductions!

[@mlee9049]

I salute you. Real estate depreciation is great. Do you know of any others that are comparable? I have a business and the tax man is stalking me 😅

[@thefunkyhippy7778]

@@frankwilliam1333 what are you even talking about man? Are you trying to be a meme? What do you mean?

[@epicgamer496]

what are the legal deductions

[@polemisch1046]

How

[@epicgamer496]

@@polemisch1046 i think its something to do with real estate and tax deductions but the stuff he says is kinda vague because he wants you to pay for his courses/books or something

[@IrvOfficial]

Why this isn’t hammered down in schools is beyond me.

[@Alirajah28]

Schools weren't designed make millionaires. They were created to create employees.

[@alecialewis84]

It's done purposely. Noone would want to work for money

[@HeartForChrist777]

who writes the curriculum? who owns the money? who owns the media? It takes a lot of Unlearning to start realizing what is really going on. Its not in the schools for a reason.

[@mattcorriere9039]

Nobody "pays" taxes. The money is taken by force. Taxation is extortion.

[@mattcorriere9039]

My CPA agrees, taxation is theft collected by the threat of violence.

[@Alirajah28]

@Pauline bergeron because income gets taxed, not debt.the wealthy minded use debt to leverage taxes on income. Example: your business grosses 100,000 in one year. Your expenses were 50,000 in the same year. So your net profit is 50,000 .Your business gets a loan from a bank for 300,000 for the purpose of marketing. The loan (debt) is now a marketing expense now. Question : how much did you profit? Answer: you didnt. Your in the negative on "paper". This is generic example, but this how the game is played with a business. Amazon didn't make a " profit" for 8 years straight.

[@candyman190]

That’s not the Rich’s fault. It’s the lower income class’s fault. They wanted taxes for the rich and it ended up back firing on the same people that wanted it.

[@Alirajah28]

@@candyman190 yes I agree with you about the lower economic class. The consistency is what the lower economic class think,about themselves, their perspectives and the how we tend to think about what we call "money" today. The United States is a federal corporation pursuant to 28 USC subsection 15a. In order to become "rich"/"wealthy" here, we have to unlearn, then learn the how the game is played. So that we can play this game at our level and take care of our families and whatever we value. I disagree that it back fired on them. These are their rules. Let's all study up and begin to execute the process. I'm developing two small business as we speak. It definitely work. But I ve never been more fulfilled. Even while working a full time job

[@candyman190]

Opulence es Excellence Dude! You dunno how refreshing that sounds man! Really! Yeah you’re 100% right about unlearning and re-learning the things we don’t know. Well I say it backfired because the same peoole that wanted tax to be imposed are the same people that are complaining now and actually being raped from taxes. But also, it’s not the modern person’s fault, but their ancestors. It’s a generational thing, passed down to us. I say “Us” because I’m still a part of the rat race. Hopefully this year I’ll be getting out of it. Congratulations on your 2 new businesses O! I’m really happy for you brotha! What businesses are you starting? Was it scary at first?

[@lindavo888]

Great episode however in future can you change the angle of the camera to show your faces? It’s good to see expressions when watching a video instead of mics and back of heads. 😁 Also, can you elaborate when the best time will be to invest in property? You mentioned the prices are too high so if you can give real estate investing for beginners that would be amazing. What are your thoughts on REIT’s?

[@adayah6772]

Kim was not there... We missed the woman's touch (cameras and extra pertinent questions). Good anyway.

[@consultaglobalbroker6273]

Best time to invest in Real Estate is NOW!

[@Re3iRtH]

Best time 20 years ago. 2nd best time is now.

[@ThePorschefan]

Learn how to do financial modeling, special focus on DCF analysis and you'll be able to tell by yourself if a property (or any asset in general) is worth buying.

[@falco6428]

This was never taught in my accounting class in college. This should have been taught as we all have to deal with taxes!!!

[@elreytriton]

My university has the tax class at the last semester of the senior year and we only do very basic scenarios. I feel ripped off. We're only taught to barely get our foot in the door of some accounting firm

[@HeartForChrist777]

its not taught for a reason. Who do you think writes the curriculum?

[@tama-a-tumatauengahiku3647]

@@HeartForChrist777 17th Century Prussia my man 😁 They taught farmers how to be soldiers (Armed Forces) And workers (Employees)

[@christinajones6625]

Congratulations, Tom! I’m thankful, for the whole Rich Dad team! I watch everything you guy’s put out and bought everyone of you guy’s books!!

[@ThePorschefan]

This is very very good, tons of valuable information! I would love to see Andrew Argue and Tom Wheelwright sit and discuss taxes and the accounting industry!

[@nosak2640]

I loved this! Who are the CPA Firms that Tom has trained?

[@Raymondjohn2]

To my understanding this just proves how much we need an edge as investors because playing the market like everyone else just isn’t good enough. I've been quite unsure about investing in this current market and at the same time I feel it's the best time to get started on the market, what are your thoughts?

[@lipglosskitten2610]

There are actually a lot of ways to make high yields in a crisis, but such trades are best done under the supervision of Financial advisor.

[@kenanporubsky2122]

Thats true, I've been getting assisted by a FA for almost a year now, I started out with less than $200K and I'm just $19,000 short of half a million in profit.

[@kenanporubsky2122]

@Dan Brooks My advisor is ‘’Christine Jane Mclean’’ she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market

[@alfs3]

What an amazing session today - thanks guys!

[@BrunoLuke]

Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking the bold steps we need in other to reach our goals.

[@MarcelPhilips]

I think it's not always about fear, Sometimes realistic factors discourage people from reaching their goals in life. For instance, I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value

[@BrunoLuke]

@@MarcelPhilips This is the problem! Most times people with little or no knowledge of the stock market try investing by themselves. It once happened to me, then I learned my lesson and contacted a US-based finance consultant by name MARTHA ALONSO HARA and everything changed. I started enjoying huge returns from my investment.

[@MarcelPhilips]

@@BrunoLuke how can I reach this person because I am in need of a better investment approach?

[@BrunoLuke]

@@MarcelPhilips Look up her name on the webpage

[@MarcelPhilips]

@@BrunoLuke Okay, thank you. I just found her website very impressive and dropped a message for her.,. I hope she replies to me

[@JenniferVerdin]

Wow, thank you for the tips!! You'll just sold me a book. Tax Free Wealth 😂 of course it's a business expense for education so it's all good. Thanks again! Always great advise. Wish I would've found you'll 10 yrs ago. Probably would've been a lot more wealthy that today. Thankfully, i still got many years ahead to do it all over again. 💖 Knowledge IS POWER!

[@Alirajah28]

The book is great, I'm going to buy a few for some fellow Entrepreuers that I know.

[@jmoney6652]

All the rich dad advisor books are worth every cent. Good luck

[@felipesaldivar6358]

Great Show!!💯🔥 Thank you so much for this priceless information! 🙏🙏🙏

[@desertforest2221]

22:47 lol... I love how they call him Kenny. :D It's great. It's just nice to hear these conversations. I'm just over here taking notes and learning so much. This is the real classroom.

[@ArtistWizardry]

I need a Tom Wheelwright tax advisor.

[@dave.zoller]

Zarah McIntosh Yes! Tom is amazing.

[@870jay4]

Swear

[@JLW667]

1:53 Taxes 3:45 Minimize Taxes as E or S 5:28 Government wants business 5:47 As A Employee you can have a business (Like a Online Business) 6:00 employee 6:07 oil and gas 9:13 Most Countries get a tax deduction 10:52 Employe your children into your business 12:33 Home Office 14:19 Bookkeeper 17:51 Advisor is a teacher 30:27 Shareholders 31:01 Sarah is an IC 31:22 Independent Contractor 31:45 Employee have there own LLC 32:07 Profit Share vs Wages 34:56 Two types of Income 35:31 Assets

[@Manifestingmydesires11]

Also please consider making a video for us who may be planning on making the first rental purchase , at this time during this economic change, I truly enjoy how passionate and knowledgeable you are about this subject .

[@nicholeNTCjackson]

Makig the own insurance company is a must 😤 20:14 captive insurance

[@jameslove4039]

Great show, but change your microphones to desk microphones. Also change the angle of you camera.

[@kimberly5304]

Thank You!!! This is AWESOME!!! Legally, not paying taxes! Love it!

[@birdwheels]

I got to say, I learned new information from you guys this time... wow! I thought the last time was it when I read your books Robert and saw Tom in your other KZbin videos.

[@Mattys556]

I have an addiction learning how to keep my money. Thank you robert & Tom. Thank you

[@SUSTOSAVAGE]

Kiyosaki is the Best Mentor!

[@1RajatS]

Shit he don't want us to be owners

[@paulcuneo2519]

Really great. Learned a lot. Have you considered repositioning the camera?

[@sixzeroonefiveseven]

Great information sir! Love your show 🙏

[@vectorvix6254]

Great advice. Appreciate your perspective and sharing how to do it 💯

[@MHR212]

Great content by the way. real information is a gift. Thank you both

[@Mctyz125M]

I enjoy listening on my drive to and from work. Thank you and looking forward an hearing more. 2020 this will be my daily ritual for the sub conscious mind.

[@articulateit-andgetwhatyouwant]

Genius! Thank you so much for sharing!

[@NicoMoreno]

Thanks so much for the awesome video 🔥 This will definitely help me Become Wealthy and Improve my Finances!! Keep it up! 💯💯🙌

[@shawnleach8726]

I love Mr. Kiyosaki. I love his advice. I just with I could find investors of my own for my real estate ventures.

[@nappyscribe1987]

Shawn Leach what I wouldn’t give for my husband and I to sit with Robert and Kim!!!!

[@gamingshortschannel1109]

Absolutely awesome video. Always love listening to Robert and tom talking tax strategy. Keep up the excellent work.

[@gamingshortschannel1109]

Maybe when I am more successful in the future. I am starting to understand that Gold and silver is going to be back in play in the next few years due to the collapse of most currencies due to constant printing of fiat money (dollars, pinds ect) look at the hidden secrets of money by Mike Maloney and let me know what you think.

[@iris5517]

Great advice! Thank you gentlemen!

[@richardbottslotsandmore5696]

Great information..Awesome Guy!!!

[@bullbear1113]

Thanks so much Robert... there are so many zombified sheeple out there without a clue. I just did a video on how important it is to educate oneself...it is a choice!

[@dave.zoller]

Bull Bear I’ll check it out!

[@arthurbegin669]

Just starting out now with property, we have a condo and a beach cottage in addition to our primary residence. We are looking at buying a small inn right now but don’t have a corporation or llc set up and can’t buy it thru commercial financing right now. How do you suggest proceeding forward buying more properties without an llc to take advantage of the tax code?

[@League_300]

Great video thank you for the education

[@osman4717]

Robert sir. Plz add subtitles in your videos. Its humble request of one of your student ❤

[@odettaclarke1626]

Thanks Robert and the Rich Dad Company for helping me to change my thoughts.

[@senthilkumarn4u]

Great conversation.. Nobody is talking about this topics they just don't want to share their workings like you...

[@JLW667]

Thank You Tom So Much

[@myecolove878]

Thank you! Is there a reason that the faces of the speakers are not visible/hidden behind the mics?

[@bobart5024]

What can a W9 small business owner do to reduce taxes?

[@SUSTOSAVAGE]

Silver is UP ! MY NINJA

[@iramcc409]

Excellent video. Great content!! I love the perspective!

[@tanyamateus1825]

Love him! Love you Robert from Lourinhã, Portugal! Sorry about the oil, but we have a lot of real estate and elderly People! Come and visit the west Coast. All the best to you and Kim!!

[@hanguyen6862]

Love to learn taxes and money and debt every day from Robert,

[@mamadoone5071]

At 6:10, what do you mean “employees can invest in oil and gas”? As a deduction?

[@relaxationmusic3637]

Made it through 8 minutes of this video and bought Mr. Wheelwright's book. See, already making good investments.

[@douglasderainville766]

Two living beings on the land standing tall being responsible through self knowing,ready and giving your most precious,Time.Your learnings plus teachings brings truth to the front of history,our hardest teacher.Bravo you two for teachings to free children,Making Childhood Great Again.! Enjoy

[@user-hs9il4dp3r]

Can you please write down the title of Tom's book?

[@ronniemartinez1070]

I Love this! Thank you Robert your knowledge is worth millions and all tax free👌 This Information is Worth its weight in Gold!!!

[@Manifestingmydesires11]

Amazing content Robert! I have been watching your videos since stay at home order , and I've learned so much about house rental investment , and gold and silver , I am building my investment knowledge and desire to one day soon do business with you.

[@olboitheeinnovatordoanythi8480]

Would Love to join the CPA COURSE too

[@dsilva3072]

@Robert I always have trouble hearing you, can you pls in crease you mic volume?

[@shynot6741]

Love the information your teaching the public. When rich people say they don't pay taxes, it's like a dagger to the hearts of people who have to pay taxes. Pay your fair share to provide services to the disabled people and community services. Thanks rich people for laughing at us.

[@phoenixjohnson4230]

Your welcome 🙏 ❤

[@relaxinglounge5989]

Great episode!!!

[@hoanglongphongvu]

Question? Can we hire a step son or nephew and get the tax benefits? Thanks.

[@peterchadhenniker942]

3:10 if the best advice an accountant in the US can give is to spend more money to pay less taxes, I seriously worry about the quality of the accounting profession in the US. Poor

[@1500runner357]

Wheelright is great. However, if you call his office to get help, you better be pulling in some bucks. If you want to find somebody in your area who follows his approach, good luck! I've read his book and think what he's doing is great, but there's not many CPA you can turn. I'm in the Kansas City area. If anybody has a recommend, that'd be great!

[@mcUSA94]

Ron Kochanowicz have you tried Mark Kohler, he’s on KZbin

[@kl3940]

great content. knowledge =power

[@acctsupsvc6454]

Good day to you all, I'm in Jamaica, I might be migrating to either America or Canada soon, I want to learn more about taxes, I will be getting your book but can how can I get with your CPA tax program Tom? I'm also happy to hear you guys talking about someone from my neighboring country - Haiti doing very well...

[@BlackWindPro]

Not sure if this is the place to ask this, but I own a small house production company and if I want to intice an investor into producing a show of some sort, what tax incentives could I tell them they could use to help bring them in? Also, Robert, I can produce your doc for half that amount

[@breykingrecords]

Toms book link?

[@jakecrawford3469]

wow awesome content thanks Robert!

[@scottosborn4820]

You failed to add the word "Avoiding" at the beginning of your title in the pic promoting this video.

[@britneyverwys5192]

Robert, When you and Tom talk about tax credits when you invest in oil and gas are you referring to getting tax credits when you invested oil and gas stocks? If so, or if not, how do I receive those credits?

[@anonomous7936]

Seriously informative video!

[@MHR212]

Is there a great book for learning business numbers and accessing equity? And maybe setting companys up for a IPO roll out?

[@michaelrowley6069]

Any recommendations for a book keeper in Salt Lake County, Utah?

[@MegaAngel307]

Great podcast. As always. Taxes

[@davidovergard7736]

Can you elaborate on the tax benefits of profit sharing verse giving raising to employees? Specifically for small businesses. Thank you.

[@ayokamoss9314]

How do I join Tom wheelwrights CPA program?

[@dineshkumarvenkat]

Hi sir and team, I am from India and name is Dineshkumar, I have a clarification, I have credit card bill(Dept) keep going up and I am not working any where now, can I convert this dept to income?

[@TheYamil25]

Desent advisor in Northern NJ?

[@11szm]

Robert, just please fix the microphones and cameras. Reposition them so that we can see you and your guest.

[@MURDAFREEK_216]

How much should an employee invest in oil and gas ?

[@schneider9615]

Tax avoidance is legal. Tax evasion is not. Know the difference and you’ll do just fine. Make a sound tax plan, and execute it.

[@leonhenry4861]

Yeah you do that and see what happens. It's legal for the super rich only. Not for the likes of us trying to stash a few hundred grand.

[@PassiveIncomeTom]

LOL. I bought a $1000 tax course in 2006 or 7 at a Kiyosaki event and it has saved me 10Xs what I paid for it.

[@Q-154]

Leon Henry It’s legal. For anybody. Amount doesn’t matter, just depends on what TYPE of income you’re working with.

[@jimmyjhonson4590]

@@PassiveIncomeTom give us an example otherwise, I don't think so

[@schneider9615]

Leon Henry The IRS tax code book has tons of info on how to avoid taxes. How else would I know this?

[@ayrtontv6025]

Not good enough I want exact specific details

[@vcash1112]

Don't chase the Real State this year at all time highs!🤔

[@RayH-]

Robert mention he was reducing his real estate holdings at this time.

[@ckryegrass11]

I am setting up 4 llc’s in 4 different states and hope like hell we have crash this year. Ill be ready to buy!!!!

[@jyang7814]

Not true if you buy a fixer upper

[@RayH-]

@@jyang7814 Why wouldn't a fixer upper lose value also? In a correction prices for a nicer homes previously selling for more than the fixer will fall to the cost of the fixer forcing all prices down. In 08 different areas of the country reacted differently.

[@davekemper7721]

You are betting on appreciation/depreciation, not good for short term risk. Long term (years) good bet if you have sufficient resources. The better bet is on positive cashflow, minimal impact from appreciation/depreciation. Long term together even better. The point is, bet on quality cashflow, appreciation is only realized once at the sell and depends on the market that day, only the crystal ball can tell you which day in the future that will be. My mental ramblings...

[@mikecase9365]

I wish I could find an accountant that would actually get back to me. So rich dad if your listening got any recomendations...

[@mikecase9365]

@NurturingTalents well now a good one pays for itself. 10k a year translates to 100k year savings. So first and foremost I would appreciate if your little mind stays out of my business....

[@mikecase9365]

@NurturingTalents I'm not sure you read this but again. Not 10k on 100k. I pay 10k and save 100k. His accountant wasnt necessarily the accountant I was looking for. I was looking for out of state accountants. Plus I dont think you understand what or how an accouant works. My last one retired. Accountants charge on their service to you. It all depends on what you need them for. So again. The big boys were talking it's best you dont talk about things you clearly dont undersrand.

[@mikecase9365]

@NurturingTalents if you know how it works then you wouldn't have insulted me from the start. Especially since you dont even know me or my businesses. So again I appreciate the commenting when their is purpose and reason. So good luck sounds like you need it

[@mikecase9365]

@NurturingTalents you started this by saying you probally couldn't afford a good one. Meaning an accountant. If you were standing in line to buy anything in a store and someone stated to you can you afford that? I would t ask if I wasn t in a position to do so. So you assumed and it irritated me. And then your name adds even more to the fire. Never assume anything

[@quintonking8118]

@@mikecase9365 !

[@martinlopeziii3184]

"The Marine Corps of accounting networks!" Love it! Oorah!

[@swaggteamdons]

Robert is alot of people's rich dad

[@frankwilliam1333]

Since I started investing it has been smooth and no complain. But I still see people complaining that they have been scammed in one way or the other. I wonder why, Investing in binary trading has been so profitable to me. So I think I should introduce my Manager Mr martins l to you if you're interested. He has being a honest manager all through and I am still investing with him till today. Invest with the right manager and there will be no more scam, i promise you that. You can contact him on this ([e-mail]) you can earn up to $8000 in daily from home through investment in forex and Binary option trade.

[@richardappiah3958]

Thank you

[@kevinfromheaven5324]

This is great, I sure wish I knew who TOM IS?

[@markomonstar4526]

Tax laws have changed. Can we get an update

[@Scott-got-caught]

Irs.gov

[@markburry6187]

Are there any flow-through entities in Canada? I have a CCPC currently, controlling real estate and a business. thanks! great content!

[@Water4Mart]

10X everything!

[@Scott-got-caught]

Grant much?

[@username1231]

Can you please make a video about the best/different ways to have cash flow And what you would recommend for millennials Who are starting out

[@Alirajah28]

He may not, but here is what you can do. Set up three different bank accounts, preferably credit unions because they will offer you better products/services. One account will be designated as your administrative account. This account receives income from your job. All of your bills are to be paid from your credit card. Use the administrative account to "pay check park" back on the credit card for your bills on the monthly. Now you have cash flow, and Mental clarity to focus on what importants based on your personal values. Account 2 is your personal budget. No matter how you make you need a budget! Even millionaires have budgets. Acct#2 is for you to blow, i.e. eating out, movies,etc. Acc#3 is for "saving/investing, preferably an online bank with high yield dividend. Not a savings account at your current financial institution.Interest rates are crap today however, at least your money can make money-monthly.Don't touch account 3. Put the above into practice sooner than later.your life will never be the same. *** Pick a credit credit card with dollar for dollar cash back reward points.use the points to enhance your life, not your vacations. Redeem the points for gas cards, or Visa gift cards that can be used at the grocery store, . Are gift cards income to you? Nooooo! Lol so why would you pay bills from your checking account without any tangible benefit/incentive?. Be patient with yourself in this process, and much success to you.

[@username1231]

Opulence es Excellence thank you so much for the advice I really appreciate it

[@Alirajah28]

@@username1231 you are most welcome.! I do consult on the subject via PayPal. For now, put the above into practice as soon a possible. Cheers!

[@abrahamsanita3982]

I've been listening to RK for years now, read his books, and these videos on KZbin too, but his advice rarely apply to real cases in my country. He is a smoke seller, this only works for people who already have money, not for small entrepreneurs

[@EssentialOilStories]

Can an LLC (S Corp) buy physical gold legally? Would it be considered an investment or just a different form of money/savings? Or?

[@EssentialOilStories]

@NurturingTalents thank you. I know I'd need to probably talk to my CPA about it but I like to have feedback from multiple sources.👍

[@pleshettegrant1083]

good stuff

[@poeticprincee9750]

How can I get a great CPA like this guy! Wow!

[@swaggteamdons]

Whoever disliked this video will probably be working hard for the rest of their lives and paying 50 percent taxes because they're afraid of risks smh

[@ericsosa1300]

What exactly is a book keeper? Is it an accountant, financial adviser? How much should you pay for one and how do you know if they are good or not when interviewing them? Right now I am getting back about 70% of my taxes paid throughout the year, during tax season. I want to know how to get the other 30% back

[@lego1bob1brick]

Bookkeepers are lower level accountant. They do the transactional side apposed to the management/planning side of things. They do your accounts on past data like balance sheet and profit/loss. Accountants do this aswell as planning ahead etc

[@ericsosa1300]

@@lego1bob1brick thank you

[@gintavolka1739]

good!!!

[@untitledmixture1531]

Random 3 minute music: million views Valuable 30 minute tax lesson: +-250K views.

[@yisroelkohn9093]

Hi Robert love your show who do you is a good accountant in New York City

[@gykg3202]

Aw I am Hungarian! Hungarians are smart! 😊