Product Description: Bearing the brand name from the #1 New York Times bestseller Rich Dad Poor Dad, LOOPHOLES OF THE RICH is an eye-opening look into how any business owner can take advantage of legal tax deductions to cut their annual tax payments. For individuals who have set up their own corporations, the worst day of the year is April 16th.That's the day AFTER taxes are due, and that's the day in which these individuals begin to realize that they aren't taking advantage of all the legal tax deductions that their corporation offers them.In easy-to-follow and straightforward language, LOOPHOLES OF THE RICH provides all the information that one needs to know to find out how to pay only what is due to the government-and save the rest!
A middling text that doesn't translate well to audio This book is intended for fledgling entrepreneurs, and as such its title is somewhat misleading. Rather than discussing obscure "loopholes" in United States tax law, it concentrates on relatively basic business structure and investment strategies. The abridged version is very short, and the presentation tends to degrade into little more than descriptions of different types of corporations, and other fundamental information obtainable from resources far better than this.
I do not recommend the CD audio version of the book. I found author Diane Kennedy's flat, tinny reading voice and artificial inflection to be grating and unaccommodating. Unfortunately, even when Kennedy is insightful and objective, the book's dialogue and narration sound like a 1950s educational film.
Loopholes of the Rich As a fan of Kiyosaki's, I was excited to pick-up Diane Kennedy's Loopholes of Rich. It was a great read and chocked full of insight.
Some of the tips actually helped me save money on my taxes this year. It is definitely worth adding to your collection. I am re-reading it right now and keep finding gold nuggets of helpful information.
Tax Strategies for the Rich and those that want to be Rich The Rich Dad Poor Dad series of books created by Robert Kiyosaki helps people to understand how it is that some average, hard-working people propel themselves out of the middle class, while others work just as hard but can't seem to get anywhere. This guidebook is another example of the excellent material published in The Rich Dad Poor Dad series. It focuses on how to get the right information from the right advisors.
In my corporate and tax law practice, I often instruct my clients to read this book as homework. It provides a basis of legal and tax information that most people have heard of but were afraid to ask. Thus, the book eases communications between a client and his or her legal, financial and tax advisors by giving the client an understanding of what's relevant to their planning strategies. Clients who better understand the principles of legal, financial, and tax planning will get more out of the relationships with their advisors.
The book also helps people to understand the psychological difference between being a worker and being an entrepreneur. The average investor or small business owner makes his or her money on raw talent and perseverance. Their only difference from the sophisticated and highly successful entrepreneur is a lack of self-awareness about the direction they want to go, how best to get there, and who to turn to for advise along the way.
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