Ryan Cook’s Reviews > Rich Dad Poor Dad: What the Rich Teach Their Kids About Money—That the Poor and Middle Class Do Not! > Status Update
Ryan Cook
is on page 175 of 195
Taking from the rich and giving to the poor doesn’t work. If you tax the rich more they will find ways around it and that will trickle down and just hurt the lower / middle class more.
"Employees earn and get taxed, and they try to live on
what is left. A corporation earns, spends everything it
can, and is taxed on anything that is left. It's one of the
biggest legal tax loopholes that the rich use.”
— Jul 29, 2022 04:03AM
"Employees earn and get taxed, and they try to live on
what is left. A corporation earns, spends everything it
can, and is taxed on anything that is left. It's one of the
biggest legal tax loopholes that the rich use.”
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Ryan’s Previous Updates
Ryan Cook
is on page 164 of 195
Business Owners with Corporations
1. Earn
2. Spend
3. Pay Taxes
Employees Who Work for Corporations
1. Earn
2. Pay Taxes
3. Spend
As part of your overall financial strategy, learn about the protection that legal entities can provide for businesses and assets.
Your financial IQ is made up of 4 areas:
1. Accounting
2. Investing
3. Understanding markets
4. The Law
• Tax advantages
• Protection from lawsuits
— Jul 28, 2022 04:08AM
1. Earn
2. Spend
3. Pay Taxes
Employees Who Work for Corporations
1. Earn
2. Pay Taxes
3. Spend
As part of your overall financial strategy, learn about the protection that legal entities can provide for businesses and assets.
Your financial IQ is made up of 4 areas:
1. Accounting
2. Investing
3. Understanding markets
4. The Law
• Tax advantages
• Protection from lawsuits
Ryan Cook
is on page 129 of 195
Know the difference between assets and liabilities. Rich people buy assets, poor and middle class buy liabilities thinking their assets. Your house is a liability not an asset. Most people are stuck in the rat race because they get a raise but also spend more money and it leads to more debt. Learn how to understand and manage your money.
“ITS NOT HOW MUCH MONEY YOU MAKE. ITS HOW MUCH MONEY YOU KEEP.”
— Jul 22, 2022 04:12AM
“ITS NOT HOW MUCH MONEY YOU MAKE. ITS HOW MUCH MONEY YOU KEEP.”