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  • Tax

    Robert Kiyosaki - interesting quotes on tax

    Two thought provoking quotes:

    "The poor are greedy because they have nothing to give"

    "If you're not greedy the government gives you tax breaks, people who are greedy pay tax"

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    A good teacher must know the rules; a good pupil, the exceptions.

    Martin H. Fischer

    Interesting quotes indeed Gary.

    Property Tribes members have been curating some of their favourite quotes on this thread:

    Property "Thought of the day".

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    That's a wierd definition of greed that they are using.

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    While his education mindset stuff is good, I think the last thing people need who don't have a lot of money and resources is to be verbally slapped about just to be provocative/motivational to 'employees' by getting their back up.

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    I had not seen this video before and I agree it could be interpreted as rather aggressive toward employees (I have been one for 43 years)

    Whilst I would not have used the word 'greedy' myself, years of interviewing for corporate positions have shown me that many people do only ask about salaries and benefits (what they can get out of the business), It is only the very few who ask about the business itself and what they can contribute to it (what they can give to it). This applies even though they are applying for an employed position.

    On the charity tax point, my understanding is that by gift-aiding your contribution to charity you can claim tax relief at your highest rate. Robert Kiyosaki describes that as  'doing the Government's work' . An interesting way to describe it!


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    I have such a lot of time for RDPD

    It was a perfect formula for creating wealth but today in the uk housing market I am not sure if it works as well as it did

    RDPD can still be used in a company but the tax you pay will be very high

    The trust arrangements in USA are not available in the UK.

    If I had confidence in an overseas market I would use The RDPD formula there, not in the UK.

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    Learn Change and Adapt ?????

    All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.


    Yep, he sold his Rich Dad wares globally, but all his formulas were built soley on the US tax structure.

    That was an old post, just saw it was last summer after I posted.

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