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Why the Rich Are Getting Richer

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Why the Rich Are Getting Richer

Av: Tom Wheelwright, Robert T. Kiyosaki
Berättare: Scott Merriman
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Om den här titeln

It’s Robert Kiyosaki’s position that, “It is our educational system that causes the gap between the rich and everyone else.” He laid the foundation for many of his messages in the international bestseller Rich Dad Poor Dad - the #1 Personal Finance book of all time - and in Why the Rich Are Getting Richer, he makes his case....

In this book, the listener will learn why the gap between the rich and everyone else grows wider.

In this book, the listener will get an explanation of why savers are losers.

In this book, the listener will find out why debt and taxes make the rich richer.

In this book, the listener will learn why traditional education actually causes many highly educated people, such as Robert’s poor dad, to live poorly.

In this book, the listener will find out why going to school, working hard, saving money, buying a house, getting out of debt, and investing for the long term in the stock market is the worst financial advice for most people.

In this book, the listener will learn the answers Robert found on his life-long search, after repeatedly asking the question, “When will we learn about money?”

In this book, the listener will find out why real financial education may never be taught in schools.

In this book, the listener will find out “What financial education is...really.”

©2017 Robert T. Kiyosaki and Tom Wheelwright, CPA (P)2018 Brilliance Publishing, Inc., all rights reserved.
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i finished it in 2 days, nothing to say other than everyone should take this book and read/listen carefully to its concepts

it blew and opened my mind

Ett fel uppstod. Försök igen om några minuter.

I learned a lot of things. here is one of them:
a most valuable way to look at debt, and that debt is actually cheaper than earned income because it isn't taxed.
so in Germany, taking on housing debt is a free way to take out the equity gains in the years 1-9 after you bought it, and then you sell the house tax free after 10 years and payback the debt. evening or the score.
so in effect the debt allowed you to access the money you would get tax free anyway through a sale, but up to 9 years earlier and also tax free (and therefore at a much lower cost, only interest costs).

--> you can grow your net worth with pre tax money, and if you don't do that you would have 42% less growth.

this insight alone will make me a loooot of money. incredible how underrated books are...

massively underrated

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The beginning of the beginning covers the American history of money and the complexities of the removal of the gold standard in the 1970s. Then there were long chapters on what financial education is not, much of which you will know already if you have read his previous books. That said, the real value of the book kicks in roughly half-way through. I repeatedly listened to the chapter on phantom income, which I never heard of before. For this chapter alone it was worth listening to the entire book. From there onwards, great knowledge was shared around leveraging debt, which I thoroughly enjoyed and where I learned a lot again. The tax sections provided by Tom Weelwright were great, too. Lastly, I love the reminder of "paying it forward" and ensuring you share your financial knowledge with others. Overall I strongly recommend this Audio book. Ensure that you have at least listened to "Rich dad, poor dad" before enjoying this one.

Great information after a slow start

Ett fel uppstod. Försök igen om några minuter.