Chapter Four: Lesson 4
It is not the purpose of this book to go into the specifics of owning
a corporation. But I will say that if you own any kind of legitimate assets,
I would consider finding out more about the benefits and protection
offered by a corporation as soon as possible. There are many books
written on the subject that will detail the benefits and even walk you
through the steps necessary to set up a corporation. Garret Sutton’s
books on corporations provide wonderful insight into the power of
personal corporations.
Financial IQ is actually the synergy of many skills and talents.
I would say it is the combination of the four technical skills listed
above that make up basic financial intelligence. If you aspire to great
wealth, it is the combination of these skills that will greatly amplify
your financial intelligence.
In summary:
Business Owners Employees Who Work
with Corporations for Corporations- Earn 1. Earn
- Spend 2. Pay Taxes
- Pay Taxes 3. Spend
As part of your overall financial strategy, I recommend that
you learn about the protection that legal entities can provide for
businesses and assets.