rich-dad-poor-dad-pdf

Rich Dad Poor Dad

During this depressed market, Kim and I were able to do six of these

simple transactions in our spare time. While the bulk of our money was

in larger properties and the stock market, we were able to create more

than $190,000 in assets (notes at 10 percent interest) in those six “buy,

create, and sell” transactions. That comes to approximately $19,000

a year income, much of it sheltered through our private corporation.

Much of that $19,000 a year goes to pay for our company cars, gas,

trips, insurance, dinners with clients, and other things. By the time the

government gets a chance to tax that income, it’s been spent on legally

allowed pre-tax expenses.

BALANCE SHEET

INCOME STATEMENT

Job

Assets

Income

Expenses

Liabilities

Salary

Taxes

Savings

How much income
would you have to
earn if the government
takes 50 percent
in taxes?

How long would it take
you to save $40,000?