How Real Estate is the Ultimate Tax-Free Strategy - Robert Kiyosaki
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- เผยแพร่เมื่อ 1 ต.ค. 2024
- In this episode of the Rich Dad Radio Show, hosted by financial education icons Robert and Kim Kiyosaki, we explore in depth the financial strategies that allow the wealthy to legally minimize their taxes while maximizing their wealth. If you're curious about how the rich use debt, real estate, and the tax code to their advantage, this episode is a must-watch.
The Basics of Debt and Taxes
Robert Kiyosaki kicks off the episode by reminding us that the Rich Dad Radio Show is all about delivering both the good and bad news about money. This episode focuses on taxes and real estate, revealing how the wealthy strategically increase their income while reducing their tax obligations. Highlighting a memorable moment from the 2016 presidential debate, where Donald Trump famously said, "That means I'm smart" in response to not paying taxes, Kiyosaki explains that this approach is a form of financial intelligence that savvy entrepreneurs use to their benefit.
The Importance of Asset Classes
Kim Kiyosaki emphasizes the significance of choosing the right asset class, outlining the four basic types:
1. Business
2. Real Estate
3. Paper Assets (stocks, bonds, mutual funds)
4. Commodities (gold, silver, Bitcoin, oil, gas)
Understanding how taxes affect each asset class can lead to smarter investment decisions. This episode features expert insights from Tom Wheelwright and Ken McElroy, who dive into the tax benefits of real estate investments.
Expert Insights
- Ken McElroy: A seasoned real estate investor, Ken manages a vast portfolio of properties, primarily in Texas and Arizona. He illustrates how borrowing money for real estate can result in minimal tax liabilities while generating substantial returns.
- Tom Wheelwright: A tax advisor, Tom explains how the tax code incentivizes debt and depreciation, allowing real estate investors to legally offset their taxable income and defer taxes.
Real Estate: The Ultimate Tax Shelter
Robert and Kim discuss their strategy of acquiring real estate to offset their business income. By converting cash into debt and investing it in real estate, they generate tax-free income and benefit from property appreciation. Ken McElroy shares a real-life example of turning a financially distressed property into a profitable investment, emphasizing the importance of excellent property management and strategic renovation.
Misconceptions About Diversification
The Kiyosakis challenge the common advice of diversification, arguing that true diversification involves investing in tangible assets like real estate, commodities, and businesses rather than just paper assets like stocks and bonds.
The Role of Teamwork
Robert and Kim stress the importance of having a knowledgeable team. Real estate investments require skilled management, legal guidance, and strategic planning. They share their journey from managing properties themselves to partnering with experts like Ken and Tom, who have significantly amplified their investment success.-----
Disclaimer: The information provided in this video is for educational and informational purposes only. It should not be considered as financial advice or a recommendation to buy or sell any financial instrument or engage in any financial activity.
The content presented here is based on the speaker's personal opinions and research, which may not always be accurate or up-to-date. Financial markets and investments carry inherent risks, and individuals should conduct their own research and seek professional advice before making any financial decisions.
The economic crisis and downturn are all the signs of 2008 market crash 2.0, so my question is do I still save in the US dollar or is it okay to move all emergency and savings to precious metals?
In light of the ongoing global economic crisis, it is crucial for everyone to prioritize investing in diverse sources of income that are not reliant on the government. This includes exploring opportunities in stocks, gold, silver, and digital currencies. Despite the challenging economic situation, it remains a favorable time to consider these investments. Nevertheless, seeking guidance from an investment planner might be necessary if you desire a more assertive return.
Investing in gold is a reliable choice, and I plan to keep buying more to make up for my losses. While silver is also a good investment, my collectibles are not as similar. It's important to have clear investment goals and educate yourself on the type of investment that interests you. I work with a financial consultant regulated by the SEC, and started small, but eventually accumulated almost $820K.
I will like to ask, How did you achieve it? I been trying to stick with index funds. I feel this new interest rates hikes could crash this economy. I'm looking out for a better investing strategy, I have a lump sum that inflation is steady eating up.
‘’Marisa Michelle Litwinsky’’ is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thank you for this tip , I must say Marisa, appears to be quite knowledgeable. After coming across her webpage, I thoroughly went through her resume, and I must say, it was quite impressive. I reached out to her, and I have booked a session with her.
I'm closing in on retirement and I'll love to move from Minnesota to a warmer climate, but home prices seems ridiculous today, do I go ahead with buying a house anyways, or look at other sectors of the market as of now?
consider talking to a well-seasoned advisor about which sectors of the market is thriving to focus your portfolio on, diversification is actually key to good investing.
Agreed, amid covid-19 outbreak, i simply adopted the services of a certified financial planner instead of panic, and thankfully, I've accrued nearly $1m ROI after subsequent investments to date, marking my most significant milestone
this is great! once you hit a big milestone, the next comes easier... who is your CFP if you don't mind me asking?
Katherine Nance Dietz is the licensed advisor I use. Just research the name. You’d find necessary details to work with and set up an appointment.
curiously inputted Katherine Nance Dietz on the web, spotted her consulting page and was able to schedule a call session, no sweat. Ive seen commentaries about advisors but not one looks this phenomenal
Back in 2007, during my time working in real estate, I witnessed people purchasing newly built homes from builders with the plan to sell them before the closing of escrow to another buyer for a profit. The crash hit hard and fast, and I vividly recall many of these units ending up foreclosed upon, with the builder's plastic still covering the carpets.
Most people find it difficult to handle a fall since they are used to bull markets, but if you know where to look and how to maneuver, you can make a size-able profit. Depending on how you intend to enter and exit, yes.
The enduring US stock market bull run evokes a mix of fear and excitement, presenting opportunities with insight, resulting in $780k gains in the past ten months, utilizing a portfolio advisor for a well-defined strategy.
Due to the market falls, I need advice on how to rebuild my portfolio and develop more successful tactics. Where can I find this teacher?
jessica Lee Horst is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Your video convinced me to invest in AWS53M, expecting 10x gains. Excited for listings!
AWS to the moon! 🚀
Absolutely! AWS is a winner! 💪
It will soon all over the news
THis will change the world of cryptocurrency
Totally agree! Let's go AWS! 🌟
AWS53M is still extremely undervalued
Thrilled about AWS's potential! Happy to be part of this community and looking forward to gains!
Feeling positive about AWS's future!
AWS is promising! Happy to be part of this journey.
Excited for AWS's potential gains ahead! 🚀
Feeling positive about AWS's future. Holding strong and expecting great returns. Let's go AWS!
Thanks for sharing TON and AWS53M. 💯
Can anyone explain AWS?
Much better than all those shits altcoin with no utilities
Same here! Exciting times ahead! 🚀
my friends told me to buy this
I'm All-In
I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Brooke Miller.
I'm surprised that you just mentioned and recommended Brooke Miller, I met her at a conference in 2018 and we have been working together ever since.
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states
The very first time we tried, we invested $1000 and after a week, we received $5500. That really helped us a lot to pay up our bills.
I'm new at this, please how can I reach her?
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Michelle Stewart.
Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.
She is my family's personal broker and also a personal broker in many families in United States, she's a licensed broker and a FINRA AGENT in United states
You trade with Michelle Stewart too? Wow that woman has been a blessing to me and my family.
I'm new at this, please how can I reach her?
I was skeptical at first till I decided to try. Its huge returns is awesome. I can't say much
Staying abreast of the latest trends and strategies is crucial for traders to stay ahead and make well-informed decisions. Beginners in trading and investing must recognize that success in these fields demands technical analysis, emotional maturity, and self-discipline. Thanks to Monica Lisa Payne insights, daily trade signals, and my dedication to learning, I've been increasing my daily earnings. Kudos to the journey ahead!
erNameIs Monica Lisa Payne, cant divulge much. Most likely, the internet should have her basic info, you can research if you like
Given the persisting global economic crisis, it's essential for individuals to focus on diversifying their income streams independent of governmental reliance. This involves exploring options such as stocks, gold, silver, and digital currencies. Despite the adversity in the economy, now is an opportune moment to contemplate these investment avenues.
The pathway to substantial returns doesn't solely rely on stocks with significant movements. Instead, it revolves around effectively managing risk relative to reward. By appropriately sizing your positions and capitalizing on your advantage repeatedly, you can progressively work towards achieving your financial goals. This principle applies across various investment approaches, whether it be long-term investing or day trading.
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.
I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.
I definitely share your sentiment about these firms. Finding financial advisors like Monica Lisa Payne who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Monica has the appearance of being a great authority in her profession. I looked her up online and found her website, which I reviewed and went through to learn more about her credentials, academic background, and employment. She has a fiduciary duty to protect my best interests. I sent her an email outlining my objectives and also booked a session with her; thanks for sharing.
Robert opened my eyes to how to see money, really appreciate it.
Real estate in a country like Canada?
This might be true only in some places.
Robert and Kim is like a God when it comes to debt, real estate , gold and silver. Love you both sir and mam🖤❤️
There is no zero Tax unless you have millions and millions in debt on loans . In addition one must continue to purchase!!
Buy till you die 100%
A small small percentage of people can do this .
A
Thank you so much for teaching thank you for being a teacher thank you, Miss Kim Kosaki and Mr. Kosaki thank you Tom and thank you Ken
Thank you for the show Robert
Thanks once again for the financial information Robert Kiyosaki and Rich Dad Team.
ROBERT KIYOSAKI ❤❤
Good people in the world ❤❤
The depreciation is only good on the income produced from that property.
What about offsetting income tax from other businesses using real estate?
I’m not classified as a real professional according to the IRS so the depreciation doesn’t offset other income.
So you guys are pulling cash out of refinancing to live off while all “earned” profits are seen as reinvested… ok
Yıpranan bir şeyi uzun vadede, yatırım olarak görmüyorum. Emeginize saglık.
whats the intro music playing on background please?
The content of the channel is very useful and valuable. Thanks!
engine number three
tim brecht aprils hoseiry
bills philosophy
Do you need to have a real estate license or anything of that matter to start?
Digital silver in a digital age, litecoin is a digital precious metal, not a security. Litecoin is the oldest coin on the market after bitcoin, since its inception in 2011. The scarcity of litecoin is the key feature of its technology. Everyone tends to flock to digital silver and digital gold, litecoin, and bitcoin, when things aren't going well. Litecoin is a decentralized digital commodity, just like bitcoin, but not even close so heavily concentrated in a few hands like bitcoin is. Both have Proof-of-Work consensus, and both have a limited supply of coins. Only that litecoin is lighter, swifter, and hugely undervalued against bitcoin. Litecoin (LTC) being a digital commodity provides a decent inflation hedge as well because there will be mined only a limited number of 84 million litecoins in total.
Thank you thank you thank you from the bottom of my heart with tears in my eyes. Thank you so much thank you Tom. Thank you Kenny. Thank you guys so much life-changing from Detroit Michigan. I know it’s not great here as far as Real Estate goes but thank you so much. We will change it.
I can't thank you enough Robert for changing my life!
This is the second time Ive heard ken and the kiyosakis refer to rickards new book. Can i get some clarity on the title please and thank you
Very interesting
Thanks for this valuable information 👍🏾
Robert and Kim have become the bank because cash is the liability to them.
Thanks Robert, this knowledge is invaluable.
My only ones mentors pushing me up every day 👏👏👏
But you pay interest on debt. How is that saving?
When you earn 100k you pay like 40k in tax same year. When you borrow 100k you need to return ~5-8k more in that year, not because of tax but the interest. So you have tax-free money. When you pay the interest with the rent you just have free money for investment, no tax + deprecation of the place reduces you earnings so you can land in no tax situation at all.
You need to learn the difference between Good Debt vs Bad Debt. Robert explains this in his books and in his other videos.
Please tell me you and Kim are back together 🙂
How come Mr. Robert give Mr. Ken $1m, and the Bamk lending you $10 m so you can purcharge more properties...while you have a debt. Anyone pls explain ? Thanks
It’s the 10% down payment. If the loan was 20m he would need to come up with 2m
Cool. Sb spanish please 😊
oh, this is gonna be a goodie!
What if you're a disabled veteran with set income how do I get started
Start with reading Robert's books, then add in the Total Money Makeover by Dave Ramsey to learn how to budget your money and live below your means. The pieces will fall into place from there.
Appreciate the advice! Bought AWS53M at $1, holding for 10x gains. Major exchanges like Coinbase, Bybit, and Binance are set to list it soon. Your insights always lead to great investments. Excited about this opportunity, thanks for the tip! Looking forward to significant returns!
❤
Woooo baby girl please be gentle with daddy
Thank you, Robert, Kim, and the team for explaining our true wealthy.
Bless your hearts
Thanks for the advice! Got AWS53M, feeling bullish! 🚀
Bought AWS53M after watching your video, super excited! 💰
Thanks for the insights! BTC’s stability and ETH’s upcoming updates are encouraging. DOGE has strong community support. I see a great opportunity in new cryptos, so I invested $5,000 in AWS53M. Excited for its future! 🚀
Great video! BTC’s institutional backing and ETH’s upgrades enhance their value. DOGE, despite volatility, has momentum. I think there’s a chance in new cryptos. I’ve put $5,000 into AWS53M. Anticipating great results! 🚀
Your advice led me to AWS53M, holding for 5x gains. Exciting listings ahead!
Thanks for the insights! Bought AWS53M, predicting big returns! 📈
Appreciate the analysis! BTC’s reliability and ETH’s scalability improvements are key. SHIBA’s active community adds excitement. Based on these, I’ve invested $5,000 in AWS53M. Looking forward to its growth! 🚀
The rich need to pay their damn taxes like everyone else
Why? So the govt can send it off to countries on the other side of the world and funnel it into supporting foreign wars? You could just say you're envious of those with more than you and too lazy to learn what is required to improve your life.
Just watched your video discussing AWS53M and I am very excited about this
Thanks for the insights! Grabbed AWS53M, expecting 10x returns. Big listings confirmed!
Appreciate the tips! AWS53M is going to 5x! 🚀