Get Rich Education

#233: It's Rich Dad Month, Week 4 of 4.

Guest Robert Kiyosaki joins us.

Robert authored the landmark book “Rich Dad, Poor Dad” and is the #1-Selling Personal Finance Author Of All-Time.

He & I discuss the difference between real assets and fake assets.

Real assets put money into your pocket every month; they feed you.

Fake assets need you to feed them.

Robert thinks all this is wrong: Go to school. Get a job. Work hard. Save money. Get out of debt. Invest in the stock market for the long-term.

Savers are losers.

We also discuss: the dollar and the gold standard, teachers, taxation, derivatives, debt, socialism, infinite returns, and the Alaska Permanent Fund Dividend.

It’s Robert’s third all-time Get Rich Education appearance.

__________________

Want more wealth?

1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book

2) Your actionable turnkey real estate investing opportunity: GREturnkey.com

3) Read my best-selling paperback: getbook.at/7moneymyths

__________________


Resources Mentioned

Rich Dad Website:

RichDad.com

Kiyosaki’s New Book:

Fake

Nixon Gold Standard speech

Mortgage Loans:

RidgeLendingGroup.com

Cash Flow Banking:

ProducersWealth.com

Turnkey Real Estate:

NoradaRealEstate.com

QRP:

TotalControlFinancial.com

JWB New Construction Turnkey:

NewConstructionTurnkey.com

Find Properties:

GREturnkey.com

Follow us on Instagram:

@getricheducation

Keith’s personal Instagram:

@keithweinhold

 

Direct download: GREepisode233_.mp3
Category:general -- posted at: 4:00am EDT

#232: It’s Rich Dad Month, Week 3 of 4. Learn how to pummel your tax bill with Rich Dad Tax Advisor Tom Wheelwright.

Retail store closures continue to change the complexion of American malls and retail.

Hear a humorous comparison between spending your retirement at an Assisted Living Home vs. the Holiday Inn.

Learn how to take the home office deduction, about real estate Opportunity Zones.

Did you know that to take advantage of Opportunity Zones, you basically must be a developer?

With Bonus Depreciation, it could now make sense for you to tear down your IRA. Consider converting it to cash, then invest it for cash flow.

__________________

Want more wealth?

1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book

2) Your actionable turnkey real estate investing opportunity: GREturnkey.com

3) Read my best-selling paperback: getbook.at/7moneymyths

__________________


Resources mentioned:

Tom Wheelwright:

Wealthability.com

Freddie Mac House Price Index:

FreddieMac.com

Mortgage Loans:

RidgeLendingGroup.com

Cash Flow Banking:

ProducersWealth.com

Turnkey Real Estate:

NoradaRealEstate.com

QRP:

TotalControlFinancial.com

JWB New Construction Turnkey:

NewConstructionTurnkey.com

Find Properties:

GREturnkey.com

Follow us on Instagram:

@getricheducation

Keith’s personal Instagram:

@keithweinhold

 

Direct download: GREepisode232_.mp3
Category:general -- posted at: 4:00am EDT

#231: It’s Rich Dad Month, Week 2 of 4. Learn how to optimize your rent income with Ken McElroy.

Learn how to create a profit spread just like the banks.

Case-Shiller vs. Freddie Mac - learn who has the best U.S. Housing Price Index.

Freddie Mac tracks all 50 states; Case-Shiller only tracks 20 large cities.

Freddie tracks sales from mortgages. Case-Shiller gets data from county assessor and recorder offices.

Real estate prices have an inverse relationship with rent amount.

If rent demand exceeds supply (tight market), learn how quickly you should raise rents.

If rent supply exceeds demand (slow market), learn how low you should let your standards drop.

Learn how to avoid “over-improving” a rental unit.

__________________

Want more wealth?

1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book

2) Your actionable turnkey real estate investing opportunity: GREturnkey.com

3) Read my best-selling paperback: getbook.at/7moneymyths

__________________


Resources mentioned:

Ken McElroy:

www.KenMcElroy.com

Freddie Mac House Price Index:

FreddieMac.com

Mortgage Loans:

RidgeLendingGroup.com

Cash Flow Banking:

ProducersWealth.com

Turnkey Real Estate:

NoradaRealEstate.com

QRP:

TotalControlFinancial.com

JWB New Construction Turnkey:

NewConstructionTurnkey.com

Find Properties:

GREturnkey.com

Follow us on Instagram:

@getricheducation

Keith’s personal Instagram:

@keithweinhold


Direct download: GREepisode231_.mp3
Category:general -- posted at: 4:00am EDT

#230: It's Rich Dad Month, Week 1 of 4. 

If you work at a W-2 job, learn how to reduce your taxes.

Become a “real estate professional”. If you’re married with a stay-at-home spouse, you increase your chances.

To qualify as a real estate professional, RE must be your principal activity and consume at least 750 annual hours.

There are four income types for tax treatment:

    1) Earned

    2) Ordinary

    3) Capital gains

    4) Passive

Passive losses are only deductible against passive income.

We’ve recently undergone the most sweeping tax changes since 1986.

Your bonus depreciation benefit was introduced in Trump’s Tax Cuts And Jobs Act - are you taking advantage of it?

__________________

Want more wealth?

1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book

2) Your actionable turnkey real estate investing opportunity: GREturnkey.com

3) Read my best-selling paperback: getbook.at/7moneymyths

__________________


Resources mentioned:

Tom Wheelwright:

www.Wealthability.com

Mortgage Loans:

RidgeLendingGroup.com

Cash Flow Banking:

ProducersWealth.com

Turnkey Real Estate:

NoradaRealEstate.com

QRP:

TotalControlFinancial.com

JWB New Construction Turnkey:

NewConstructionTurnkey.com

Find Properties:

GREturnkey.com

Follow us on Instagram:

@getricheducation

Keith’s personal Instagram:

@keithweinhold

 

Direct download: GREepisode230_.mp3
Category:general -- posted at: 4:00am EDT

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