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Avoid Paying Taxes Legally!!! The Power of A Home-based Business

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Avoid Paying Taxes Legally!!! The Power of A Home-based Business

Chinaza (Coach Chi) Duson, Small Business Tax Strategist, highly sought after Tax Professional empowers hundreds of thousands w/advice on why YOU MUST own a home-based business and how you can maximize the tax laws to your benefit - LEGALLY. TEXT 4042295566

ALSO text Chinaza to 40691 to get locked in and START a legitimate home-based TRAVEL business TODAY (Its just happens to be one of the best tax strategies ever and even EARN RESIDUAL INCOME. TEXT 404.464.6733 NOW email: browngirlgone@gmail.com

Coach Chi
1st Email: yourtaxgirls@gmail.com | 404.229.5566
2nd Email: theintaxicator@gmail.com | 404.464.6733

NOT only is she a #homebased business strategist, she's a certified tax preparer and a Documented Multiple Six Figure Leader in the Homebased Travel Industry. Contact me today to get started
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How to Avoid Taxes Legally as a Business Owner - Pay Less Taxes!

Here are some strategies on how to pay less in taxes as a business owner. I'm going to break down how to avoid taxes LEGALLY so you can keep more of your hard earned money!

For business inquiries, you can reach me at sullyfarooq5@gmail.com

Paying taxes isn't fun, and there's a reason why some of the wealthiest business owners in the world pay close to, or exactly, $0 in taxes. And let's be honest, if you're self employed then the only thing better than making a lot of money is, well, keeping a lot of that money and income! So here are the three different tax saving and tax reduction strategies that you can use to avoid paying taxes LEGALLY:

NOTE - I AM NOT A CPA OR PROFESSIONAL (NOT FINANCIAL ADVICE) & THIS VIDEO IS FOR ENTERTAINMENT PURPOSES ONLY. TAX LAWS WILL (AND HAVE CHANGE) SINCE THE MAKING OF THIS VIDEO, SO PLEASE DO YOUR OWN RESEARCH AFTER WATCHING THIS VIDEO TO SEE IF WHAT I SAY IN THIS VIDEO IS APPLICABLE IN YOUR SCENARIO OR SITUATION. ALWAYS TALK TO A PROFESSIONAL ABOUT YOUR TAXES.

Number 1 - Giving Tax Deductible Business Gifts:
You might not have known that you can actually give tax deductible gifts as a business owner. In fact, you can give a business gift to a current client or customer, a potential customer, or even a consultant of your business.
The IRS does have a few exceptions to this deduction though. The biggest one by far is that you can only deduct up to a maximum of $25 per gift per, individual. So, if you spend $50 on a business gift, then you can only deduct up to $25 for that gift. However, keep in mind that this rule applies per gift/individual, so in theory, you could give multiple business gifts to multiple people you do business with and take a tax deduction for each gift from your income and pay less taxes.
More information about tax deductible gifts can be found Below:


Number 2 - Business Meals:
Business meals are a great deduction, and a great way for you to build a solid business relationship with someone while also being able to reduce your taxable income. By taking someone out to a business meal, you'll strengthen your business relationship with them, and be able to take a deduction on your tax bill at the same time.
However, just keep in mind that because of the next tax law business entertainment expenses are no longer tax deductible. And so if you are at an entertainment event for business, and decide to grab a business meal, just be sure that the food/bevarages are shown separately on the receipt.
More information about business meals can be found Below:


Number 3 - Electing your LLC as an S-Corp
Electing your business as an S-Corp is a great way to save thousands of dollars in taxes. Essentially, when you elect to be an S-Corp, which you can do by filling out form 2553 that is provided on the IRS website, you are creating a pass through entity. This means that you become an employee of your business.
The main benefit, and the way you can avoid taxes, with an S-Corp is by paying less self-employment taxes. When you're self employed, you have to pay 15.3% of your income to the FICA tax which is the tax that funds both Social security and Medicare in the United States. But when you elect to be taxed as an S-Corp, you also have to pay your self a reasonable salary or wage throughout the year from your business. This salary or wage is what will be subject to the 15.3% self employment tax you will have to pay if you're self employed.
Any profit left over after you've paid yourself a reasonable salary or wage is something you can take as a distribution from your S-Corp. Distributions you take from your S-Corp are not subject to Social Security or Medicare taxes. This means if your business profits $50,000 and you give yourself a salary of $30,000 throughout the year, then you only have to pay the 15.3% self employment tax, or FICA tax, on that $30,000 your business generated. The remaining $20,000 could be taken as a distribution from your S-Corp, and you wouldn't need to pay self employment taxes, or 15.3%, on that $20,000. This would save you over $3,000!
*NOTE: You should discuss all strategies in this video with a qualified and licensed CPA or tax advisor. And in the case of an S-Corp, this is especially true. I say that because electing to be taxed as an S-Corp is a complicated subject that I am qualified to give definite information on.*
More information about S-Corps can be found Below:


Aside from these tax saving strategies that can effectively lower your tax rate, tax bracket, and taxable income, you should hire a great CPA

*THIS VIDEO IS FOR ENTERTAINMENT PURPOSES ONLY - NOT FINANCIAL ADVICE, TALK TO A CPA*
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How Rich People Avoid Paying Taxes -Robert Kiyosaki

Robert Kiyosaki’s SECRET Tax Hacks PART 1


Discover a way to pay fewer taxes legally, deductions you can apply and the three strategies Robert Kiyosaki uses to pay 0% in taxes.

Regular employees pay about 40% in taxes while self-employed people like doctors, lawyers & accountants pay 60% tax. Business Owners, on the other hand, pay 20% tax with investors paying 0% in taxes. Wouldn’t you want to be on the right side of the CASHFLOW Quadrant? It is absolutely possible to go around paying 0% tax. You don't have to be a crook to not pay taxes, you just have to be smart. 

In fact, the government doesn’t want you to pay taxes. They use taxes as incentives to get you to do what they want you to do. 

Best known as the author of Rich Dad Poor Dad-the #1 personal finance book of all time—Robert Kiyosaki has challenged and changed the way tens of millions of people around the world think about money. He is an entrepreneur, educator, and investor who believes that each of us has the power to makes changes in our lives, take control of our financial future, and live the rich life we deserve.

With perspectives on money and investing that often contradict conventional wisdom, Robert has earned an international reputation for straight talk, irreverence, and courage and has become a passionate and outspoken advocate for financial education.

Robert’s most recent books—Why the Rich Are Getting Richer and More Important Than Money—were published in the spring of this year to mark the 20th Anniversary of the 1997 release of Rich Dad Poor Dad. That book and its messages, viewed around the world as a classic in the personal finance arena, have stood the test of time. Why the Rich Are Getting Richer, released two decades after the international blockbuster bestseller Rich Dad Poor Dad, is positioned as Rich Dad Graduate School. Robert has also co-authored two books with Donald Trump, prior to his successful bid for the White House and election as President of the United States.

#robertkiyosaki #richdadpoordad #millennialmoney



Facebook: @RobertKiyosaki


Twitter: @TheRealKiyosaki


Instagram: @TheRealKiyosaki
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Avoid Paying Taxes Legally!!! The Power of Having A Home based Business

To learn more about a Karatbars Home Based Business visit watch the videos and make a decision to change your economy in your home.

For information about our Tax training visit
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Avoid Paying Taxes Legally the Power of a Home Based Business [2020]

You are going to learn how to AVOID PAYING TAXES LEGALLY THE POWER OF A HOME-BASED BUSINESS. I am going to show you how to turn your everyday living expenses in legitimate tax deductions for your home based business. This is going to result in you having more money!

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Avoid Paying Taxes Legally. The Power of a Home-Based Business.

In this video we will explain how to it may be possible to avoid paying taxes legally. This is the power of a home based business.

We have better tax treatment as business owners when compared to normal employees which allow us to avoid paying taxes. It may be possible to implement this strategies now. We will show you how to legally avoid paying taxes this year.

Let's us quickly examine the differences between a normal W-2 employee and a home based business owner.

For most normal W-2 earners they make an income. Their standard deduction and individual exemption makes their taxable income roughly $12,000 less. After this, they pay taxes on their income. Any money that is left over, can then be used. W-2 earners are taxed before they receive their usable income.

This situation is vastly different when it comes to a business owner. Business owners have business tax deductions that are applied and lower their taxable income before paying taxes on this income that they earn. Business owners earn income, then spend their earned income on business expenses, and then are taxed on what is left over.

Home business owners have many tax benefits that are available to them. These benefits allow business owners to avoid paying taxes through tax deductions.

You have to make sure that all of these deductions claimed are a regular part of the business activity your engaged in.

So how does this all work.

Lets say as a small business owner you make 50,000 for the year. Let's say we have

Home office Expenses of $6,000,
Cell phone $500
Car Expenses $2,000
Travel Expenses 5,000
other expenses $3,000

If we add up all of our business expenses in this example it adds up to $16,500. This is what people refer to as a business write off.

This means that we would be able to reduce you the amount of income that you need to pay taxes on by $16,500.

As a W-2 employee it is likely that most of these deductions would not be possible.

Hobby vs Business

Can you qualify to take these deductions?

There are certain guidelines that you want to fall into be classified as a business.

You must have
1. You must have Intent to make profit.
2. Run business on a regular consistent bases. I would say at a minimum, you would want to put four hours a week into your business.

If you don't need meet the standards of operating a business in the law, your ability to claim tax deductions can be restricted and the IRS will classify your operation as a hobby.

What helps a business expense qualify as a deduction?

To be deductible, a business expense must be both ordinary and necessary.

An ordinary expense is one that is common and accepted in your trade or business. A necessary expense is one that is helpful and appropriate for your trade or business.



A necessary expense will either produce a profit or increase your market share.

You also must ensure that there is a business purpose behind the expense that you wish to deduct.

I will be creating the following videos in the future, so subscribe and turn on the notification bell to be notified when I release new videos.

Avoid paying taxes on amazon
Avoid paying taxes on stock gains
How to avoid paying taxes on rental income
How to avoid paying taxes on dividends
How to avoid paying taxes when selling a home
How to avoid paying income taxes legally
How to avoid paying property taxes legally

Check out some of these awesome channels!
Graham Stephan Chinaza Speaks The Better Men Project The Rich Dad Channel Minority Mindset

DISCLAIMER
I am not a licensed tax professional. Nothing in this video should be misinterpreted as tax advice This is not financial advice. You may not even qualify for anything discussed in this video. By watching this video you agree that we will not be held liable for any incorrect information, your actions, or any of your decisions . Please consult a CPA who has a licence before attempting to implement any tax strategy. This video is for entertainment purposes only.

How to Legally Not Pay Taxes by Tom Wheelwright

Tom Wheelwright, CPA and Rich Dad Advisor to Robert Kiyosaki, discusses how it's possible to legally not pay taxes and still be very wealthy. He discusses how to take advantage of the tax laws in order to keep more of your money where it belongs - in your pocket! Learn more here:


Tom Wheelwright covers the specifics of how to achieve tax savings every day of your life using a few simple real life ideas. Wouldn’t it be great to not only learn how to pay less tax but while you are at it, learn how to reduce your chances of an IRS or CRA audit? Most importantly, learn why the tax law is simply a series of stimulus packages for business owners and investors.

Get even more in-depth knowledge and insight on how to permanently reduce your taxes and build massive wealth by reading Tom’s best-selling book Tax-Free Wealth. Learn more here:



Connect with Tom Wheelwright

Podcast (The WealthAbility Show)


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Facebook


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Avoid Paying Taxes Legally!!! The Power of A Home based Business

Chinaza Duson, Small Business Tax Strategist, is also a highly sought after Tax Strategist empowering thousands w/advice on why the MUST own a home based business. Now!

NOT only is Chinaza Duson a #homebased business strategist and certified tax preparer. She is a National Diamond Council Team Leader in Paycation Travel.

Connect with me and START a legitimate home based business TODAY:
LaToia Welch | 404.919.6113 | worldtravelexpress1@gmail.com




We have the perfect vehicle to help you maximize on these amazing tax breaks I speak on here! Contact me today to get started

How to (LEGALLY) Pay $0 In Taxes | Why The Rich Don’t Pay Taxes?

How to LEGALLY Pay No taxes - Why the rich don’t pay taxes? That has been one of the questions that many people don’t fully understand.

If the working class pays taxes, why do the rich get away without paying theirs?

Well in this video we are uncovering the different types of income and how they are taxed so you can also take advantage of them.

Here you will learn how the tax brakes the rich use to pay little taxes and some tax loopholes the rich use to completely eliminate their tax bill.

To learn how the rich legally pay no taxes, we are going to be using Robert Kyosaki’s (the author of rich dad poor dad) cashflow quadrant to explain the different types of taxes according to their income category and the tax breaks for the rich.

This raises the question, do you think the rich should pay more in taxes? Let me know in the comments section what you think.

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*Please always check with a professional before making any investments or financial decisions. These videos are for educational purposes only. No official financial advice is being given. Never listen to anyone online who tells you to not check with a professional!

Avoid Paying Taxes Legally!!! The Power of owning a Home-based Business| Team Headstrong|

Chinaza Duson, Small Business Tax Strategist, is also a highly sought after Tax Strategist empowering thousands w/advice on why the MUST own a home-based business. Now!

Connect with me and START a legitimate home-based business TODAY
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5 ways to avoid taxes...legally

Here are some strategies on how to pay less in taxes, and how to understand basic tax-reduction strategies to help keep MORE money in your pocket at the end of the year. Enjoy! Add me on Instagram: GPStephan

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Number 1: Traditional 401k Contribution.
This is a retirement account that’s created through your employer that lets to contribute money, and then REDUCE that from your total taxable income.
With a 401k, you’re allowed to contribute up to $19,000 per year - which means the IRS will tax you as though you have made $19,000 less. For someone in a 24% tax bracket, this could save you from paying about $4500 in taxes. If you’re self employed, you can open up what’s called a Solo 401K - which allows you contribute up to $56,000 per year.

Number 2: Traditional IRA.
This is very similar to the 401K, except anyone can open one up at any time, and you can contribute up to $6000 per year into this account that would then reduce from your total taxable income.
Further Resource to Read:


Number 3: HSA - which stands for health savings account.
Assuming you qualify, with an HSA, you can contribute up to $3500 per year, TAX FREE, into this account. And this account is specifically used to pay any out of pocket medical expenses or charges that you incur…if you don’t use them one year, that’s fine, it rolls over to the next year.
Further Reading:


Number 4: 457 B.
This is for designed people who are employed by s state or local government, so not everyone can do this one. With a 457B plan, you can contribute up to $19,000 per year and reduce your taxable income by that amount - exactly the same as with the traditional 401k. However, the benefit to a 457 plan is that you don’t need to wait until the age of 59.5 to withdraw that money…you can withdraw it at ANY age, upon retirement, with zero penalty.

Number 5: The Standard deduction.
This is the base amount that anyone is able to automatically “deduct” from their taxable income, just because. If you’re single - you can take the $12,000 standard deduction. Super easy. And If you’re married filing jointly, this number jumps to $24,000. This is fairly straightforward, and for most people - this is an easy one to take.

Setting up an S-Corp.
This is a legal entity you create that you run your business through. This means that all of your self employed business income goes into the S-Corp. All of your expenses go out of the S-Corp. Distributions made by an S corporation are not subject to Social security or Medicare taxes. This is meant to be something to discuss with a CPA if this is something that you’re interested in, this is way beyond what I can talk about in a YouTube video!

Long term capital gains:
If you hold that investment for LONGER than one year - then sell it for a profit - it’s taxed as long term capital gains. This means that if you make less than $434,000…that long term capital gains tax is capped at 15%.

Depreciating assets within your business.
In a business, you can depreciate certain assets over X years to offset earned income! Something like this is REALLY a topic to bring up to a qualified CPA because every business asset has its own depreciation schedule you MUST follow.

HIRE A VERY GOOD CPA. THE BEST YOU CAN.
This videos main purpose is JUST to give you some ideas of strategies you MIGHT be able to implement. But because the tax code is sooooooo complicated and there are a million moving parts for each person that would be impossible to ever cover in a youtube video like this, YOU MUST hire a CPA.

Not financial advice. For ENTERTAINMENT PURPOSES ONLY. Please consult a licensed, qualified CPA for tax advice.

For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness@gmail.com

My ENTIRE Camera and Recording Equipment:
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Business Taxes | Don’t make my mistakes!

Update. Where have I been Sunshine’s! DOING BACK TAXES.
I highly recommend anyone starting a business invest in the guidance of a tax professional in a face to face meeting. YouTube is not the place.

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Learn Why Home Office Deductions Don't Always Work | Home Based Business Exposed!

#Run????Me????Those????Numbers!

Get your copy of the Home Office Deduction Calculator tool here:



Having a Home Based Business doesn't always work the way people want you to believe.

Therefore, I want you to: Learn How To Tell The Truth Between What You See & Hear And What’s Real.

In the words of the famed recording artist… Jay-Z:

“This might offend my political connects”.

Having a home office is a great tax advantage if you actually have a Home Based Business. Meaning that you are a highly motivated and extremely serious entrepreneur, who is putting in a serious effort to create or sustain their lifestyle.

But, starting a home based business just for a purpose of writing off extras to save money during income tax time… is a very serious flawed strategy.

However, there are a many of individuals who use the glorious idea of having a home-based business to lure you in to sign up under them.

But...

The truth is… it doesn’t work like that.

Watch the Video and see how it works. Enjoy.

Get your copy of the Home Office Deduction Calculator tool here:



To find out more about the 9 Profit Tests Factors (Hobby vs. Business) Click Here:



Note:

I am going on record stating that I don’t have a problem with the Network Marketing Industry or the individuals who are in it.

I personally know a few great individuals who are in the industry and doing well.

What I do have a problem with are those individuals who use manipulative tactics to entice people to “join their team”.

How to (Legally) Never Pay Taxes Again

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How to (Legally) Never Pay Taxes Again:
Taxes are one of, if not the, biggest expenses in all of our budgets. So it makes sense that figuring out strategies to legally lower your tax bill is of paramount importance when trying to strengthen our own financial health. Today, we're going to be going over a few simple tax strategies that will help ensure you don't pay Uncle Sam more than you have to each year.

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10 Self Employment Tax Write-offs to Make You Rich

My earning money on the side allows you to deduce your business expenses. This is significant ramification to have this avenue of tax deduction. But before you can use it, you need to earn money on the side first.

DISCLAIMER: I am not a tax adviser nor can I give you tax advice. These are just some pointers to clue you in on what is possible. You may not be eligible to take these deductions based on your own personal situation. Seek the advice of your professional tax adviser for more information.

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Avoid Paying Taxes Legally!!! The Power Of A Home-Based Business

Avoid Paying Taxes Legally!!! The Power Of A Home-Based Business



#makemoneynowpaypal,#earnmoney2020,#$1000,#makemoneyin2020,#makemoneyduringquarantine,#howtomakethatmoney,#moneyhacksformoms,#makemoneywithfamily,#Makingmoneyonline, ✅best home based business to start 2020 (lucrative).

About :-business ki baat is dedicated to giving high-quality and informative videos to everyone who wishes to learn.
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How to Pay 0% Taxes In Your Online Business

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Corporate Tax Avoidance: How it happens, how it is changing, and what to do about it

Join us for our August Fuqua Faculty Conversation with Scott Dyreng, Associate Professor of Accounting as he presents:

Corporate Tax Avoidance: How it happens, how it is changing, and what to do about it

In this session, we will talk about:
- How much tax do U.S. corporations pay

- Common misconceptions about corporate tax avoidance

- How corporate tax avoidance has changed since the mid 1980s

- What can be changed to make our corporate tax system more efficient

Our live online session with Professor Dyreng will take place on Wednesday, August 19, 2015 at 11:00 a.m. ET.

Send your questions to conversations@fuqua.duke.edu or tweet them during the live session using #fuquaalumni

How the Rich Avoid Taxes and You Can Too

It's no secret that the rich and wealthy don't pay much in taxes, but how do the rich avoid taxes legally? Are there tax deductions that you are just not aware of? This video describes 7 of the most common ways that corporations and wealthy individuals avoid paying taxes that you can use as well.

Timestamps:
0:00 - Rich people don’t pay taxes…
0:47 - How companies use tax havens to pay no taxes to the US
1:26 - Most popular tax havens around the world
1:55 - How to avoid capital gains taxes on stocks
2:46 - How to avoid inheritance/estate tax
4:04 - How to avoid income tax if you make a lot of money in cash
5:27 - How you can pay less income tax by using dividends
7:24 - How to avoid long term capital gains taxes in real estate
8:21 - Use municipal bonds to earn tax free income
9:07 - Truth about tax loopholes - probably not worth your time (Use this time to make a lot of money instead of just saving a little)
9:48 - Overview and conclusion about tax loopholes

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7 Ways To (LEGALLY) Avoid Taxes | Tax Loopholes Of The Rich

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(Yes, This video is sponsored by Skillshare)

Why the rich don’t pay taxes? That has been one of the questions that many people don’t fully understand.

If the working class pays taxes, why do the rich get away without paying theirs?

Well in this video we are uncovering some of the ways many of the wealthiest people in the world use to reduce or eliminate their taxes.

These strategies and tax loopholes are being used by some of the biggest corporations in the world, like amazon, apple, google and many others.

This raises the question, do you think the rich should pay more in taxes? Let me know in the comments section what you think.


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How To Pay Less Tax Legally | Robert Kiyosaki | Success Resources

Wondering how to get rid of financial struggling life? Learn more financial tips from Robert Kiyosaki ????

Have you ever wonder that you can actually reduce your tax bill? I cannot imagine there are people who would like to contribute part of their income to the government. It's possible to get tax free legally but first you must have a team.

According to Robert Kiyosaki, academic qualifications are important and so is financial education. They're both important and schools are forgetting one of them. Robert Kiyosaki is many things: an author of self-help books, an investor, a business man, as well as a motivational speaker. Robert is best known as the bestselling author of a series titled Rich Dad, Poor Dad and has become one of the leading voices in educating people in the area of developing their own personal finances.

In this video, How To Pay Less Tax Legally, Robert Kiyosaki is sharing ways to pay less tax legally and how can you get tax breaks.

VIDEO HIGHLIGHTS
02:19 To get 0% tax, you need a team

At Success Resources, we are committed to giving you the best learning materials and resources in order to unlock your potential. Come and join our events and get breakthrough in your life.

Success Resources has grown to become one of the leading global providers of educational resources, seminars, and workshops. We believe that education and learning experiences transcend the boundaries of a classroom, and for over 25 years, we have proudly, and positively impacted over 10 million lives across 35 countries.

Imagine most of the people in world needs a lot more money, right? But most of the people choose live within their comfort zone instead of taking a step out and learn how to unlock financial freedom. ????

ABOUT ROBERT KIYOSAKI
Robert Kiyosaki is best known as the author of “Rich Dad, Poor Dad” the #1 best-selling personal finance book of all time. He has become one of the leading voices in educating people in the area of developing their own personal finances.

Robert served in the US Marine Corps as a helicopter gunship pilot during the Vietnam War. In 1974, he left the Marine Corps and worked as a salesman in Xerox Corporation for a couple of years before leaving to start up his own business.

His first business was a new concept of wallet which used Velcro and nylon. These “surfer wallets” would eventually end up becoming a multi-million dollar product and Robert would receive his first real taste of success. But with a change of trends, his businesses left him bankrupt, homeless, and owing $850,000 to the banks. Robert Kiyosaki would go on to help people and educate them on how to completely avoid the pit of bankruptcy, and even achieve financial success.

With twenty-six books in the Rich Dad series, Robert has sold more than twenty-seven million books worldwide. His works have been translated in fifty-one different languages for markets in a hundred-and-one various countries across the world, eventually leading him to countless bestsellers lists across Asia, Australia, Europe, Mexico, and South America. Kiyosaki experienced growth that in only nine years he became a multi-millionaire.

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[Related Videos]
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