(CHAPTER 4 &5) RICH DAD POOR DAD EXPLAINED

   In Chapter4 of "Rich Dad Poor Dad," titled "The history of taxes and the power of Corporations," Robert Kiyosaki discusses the importance of financial education and understanding the impact of taxes and corporate structures on one's wealth.

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He explains that Historically, taxes first introduced to fund wars and other government expenses. Over time, The tax system has evolved, and the burden of taxes has shifted to the middle and lower income classes, while the rich have found ways to legally reduce their tax liabilities Through various deductions and loopholes. 

Kiyosaki emphasizes the significance of understanding tax laws and utilizing them to one's advantage. He advocates for individuals to educate themselves on financial matters and to invest in assets that generate income and offer tax benefits, such as real estate and businesses.

Moreover, The chapter delves into the power of corporations and how they can provide significant tax advantages compared to being an employee or a sole proprietor. By structuring businesses as corporations, entrepreneurs can potentially reduce their tax rates and protect their personal assets. This chapter says corporations is only a file of documents that protect Rich from tax policies

Overall, The key takeaways from this chapter is the importance of financial literacy and utilizing the knowledge of taxes and corporate structures to build and protect wealth. By doing so individuals can achieve financial independence and create a more secure financial future for themselves. 

In Chapter5 of "Rich Dad and Poor Dad," titled "Rich invent money" Robert Kiyosaki explains The concepts of creating money through entrepreneurship and investing. He emphasizes the importance of financial education and understanding how money works.

The chapter delves into idea of the rich inventing money by creating businesses and investments that generate income and assets. Kiyosaki's Rich Dad encourages him to learn how to use money as a tool to create more wealth, rather than simply working for money.

Furthermore, he highlights the significance of understanding tax strategies and how the Rich often earn money spend and pay taxes by Poor earn pay tax and spend,

Chapter5 severs as a lesson in the mindset and principles of the wealthy, promoting the idea that Entrepreneurship  and smart money management are key to achieving financial freedom.   

#(CHAPTER3) RICH DAD POOR DAD EXPLAINED

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