Property Investing - The Secret Path To WealthThis is a featured page

It's a fact of life that you will have to pay your taxes each year, and it's equally inevitable that you'll hear people complain about them. Those who are tired of grumbling about having to pay their own taxes will often grouse about how much money the rich manage to avoid paying. No matter how one looks at it, it seems unfair - those with less bear the greater part of the burden while the wealthy have lawyers working around the clock finding new ways for them to avoid paying their share. With this state of affairs, it's no wonder that the lower and middle classes resent the rich.

Unfortunately, simply recognizing injustices and complaining about them isn't sufficient to change the ways of the world. The rich will inevitably have money and therefore power, and they will use this power to stack the deck in their favor, particularly when it comes to using tax breaks to keep their money. They will claim that there simply isn't enough money for everyone to get what they need, all the while cutting corners and keeping their spoils for themselves. This extends to elected officials as well - how many poor politicians have you heard of?

In order to not be one of the many who are getting the short end of the stick, you're going to have to step up and take the advantage for yourself. It's true - you can get tax breaks like the rich do. You simply need to know how, and put forth the effort to get them.

Robert Kiyosaki, author of the "Rich Dad, Poor Dad" books, makes the sensible suggestion that those who are not rich but would like to be should watch what the rich do, and then do the same. You don't really need to watch too closely, however, to learn the open secret of the wealthy - that secret is real estate.

"One of the reasons I chose to work predominantly in the B and I quadrants are the tax advantages," he says in his book, "Cash Flow Quadrant." The cash flow quadrant, after which he named the book, is his rich dad's diagram of the four different kinds of people, with respect to where they get their money and their philosophy about procuring money which, oddly enough, match up. In other words, people who are Employees have one set of values while the people who are Self-employed have another.

According to Robert Kiyosaki, the real money is in the business and investment quadrants of the Cash Flow Quadrant.

As they say, if you can't beat 'em, you've got to join 'em. This is doubly true when you're talking about the wealthy. With this mindset, you'll realize that tax breaks for the rich aren't really so bad, since you can take advantage of them when you become rich.

The path to riches is actually very simple; all you've got to do is start investing, or join the 'I' quadrant. If you have a high-paying job, you may be able to do this without leaving the 'E' (employee) or 'S' (self-employed) quadrants, but Robert Kiyosaki advises that you move into the 'B' or business quadrant, devising a system that will make you money regardless of whether you are putting time into it or not.

At the end of the day, those who invest in real estate, regardless of the type of property, are the ones who manage to join the ranks of the rich.

Alexandria P. Anderson is a licensed Minnesota Realtor that uses the MN MLS Listings to help her clients to find and purchase Minnesota Land for Sale.


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Latest page update: made by mnrealestate , Jan 12 2009, 3:40 AM EST (about this update About This Update mnrealestate Edited by mnrealestate

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