Things The Rich Don't Want You To Know: A guidebook for people who are worth over $1,000,000

by Noah Kagan

You found the right place: this book is written for you if you make over $100,000 and want ways to reduce your taxes, save more money in general and make more. It’s exactly the book I wish I had a few years ago.When I made my first million dollars, I waited around for an award ceremony that never happened. At that point I started looking around for books, websites, podcasts, or videos to shed light on what do “rich” people do to reduce their taxable income use their money to make even more, and how to save more money now that I’m earning a lot more.But I was shocked to find that there was nothing around. There were a shit ton of stories about how to start a business, how to make $1,000 a month, seven habits for manifesting money—but what about the guys and girls who actually have a little bit? Stumped, I bent over and paid my taxes like a good citizen.But I knew the super rich understood something I didn’t. They had the “bible” of rich shit you do when you have bookoo bucks. I wanted in.Here are a few examples of what they were doing:- Donald Trump has saved $100 million+ from doing land easements- Most yacht owners expense 50%+ or more from their boat by moving into a charter- Mitt Romney used the IDGT to minimize his $100 million estate taxes.How do they do it? Answering that question became my mission: to uncover what super rich people are doing that us commoners don’t know about, so we can take power back for ourselves.But there wasn’t a central repository of this knowledge. So many financial advisors were poor; they gave out information, but hardly any of them followed those strategies themselves. Furthermore, when they did give me advice or when I found suggestions in blog posts, it was unclear how these things actually worked.So I kept asking around to find out what others they did, and took notes. I’ve interviewed lots of millionaires, wealth managers, and tax strategists to figure out what to do with my own money, and here I’m sharing it with you. Everything in this book is a validated strategy for high earners that I’ve personally used or talked with someone directly who’s done it for themself.

Genres: Business, Finance

87 pages, Kindle Edition

Published April 3, 2019

Reviews

[gatchi · Rating 4 out of 5]

Easy read, lots of practical advice

Overall highly recommended for anyone looking to maximize their wealth. There were some areas that were just plain confusing to understand and I wish the author would elaborate more on, but that just tells me that I need to do more of my own research.

I enjoyed the fact that he put in links and mentioned direct resources that you can use. This made it practical and I have signed up for some of the tools he mentioned —he should put his own referral codes in there to make more money!! Read this whole book over a weekend.

[Everson · Rating 3 out of 5]

I love Noah’s podcast.

And although this book was written for North American entrepreneurs, I also found valuable information that can help me here in Austria.

Well done and thank you “beautiful bastard”

e.

[Juliet Bryant · Rating 3 out of 5]

written by a total asshole and you can tell by the diction. totally insufferable, but really knows a lot about shifty rich tax breaks.

almost didn’t make it through bc he sucks so much, but great information if you can bear it.

[Kelly · Rating 3 out of 5]

Short book with good tax tips

[Magi · Rating 1 out of 5]

it's good!