Adakah RObert T.Kiyosaki Bankrupt?

JAwapannya ialah Tidak!. Yang Bankrupt adalah salah satu syarikatnya iaitu Rich Global LLC dan bukan beliau dan isterinya KIM, malah syarikat miliknya RichDad Co tetap boleh berniaga seperti biasa.... itulah kuasa Corporation yang telah diajar oleh Rich Dad pada beliau...

Ikuti penulisan beliau ttg isu ini...

That’s what Corporations are designed to protect

If you are planning to get rich, please read this blog BEFORE you get rich
It’s another day of work as a Capitalist where lessons are learned daily. My Rich Dad always told me, “It’s not how much money you make, it’s how much money you keep. Money without financial education is money that will soon be lost. Just look at all the retired athletes and lottery winners…broke!”

My rich dad was right. In these desperate times, I am again learning how important corporations are to the rich and those planning on becoming rich.

Now more than ever, if you have money, people will come after you. I am going through this right now. If you’re planning to get rich, read this blog; it could save you a lot of time, money and protect you from lawsuits.

My rich dad played the game with intelligence and experience. He did it through corporations—the biggest secret of the rich.

My rich dad did not see Robin Hood as a hero. He called Robin Hood a crook.

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I remember in school being told the story of Robin Hood and his Merry Men. My teacher thought it was a wonderful story of a romantic hero who robbed from the rich and gave to the poor. My rich dad did not see Robin Hood as a hero. He called Robin Hood a crook. Now the rich fight the evils of Robin Hood with the protection of corporations.

The rich don’t play by the same set of rules. Even back in the days of the sailing ships, the rich knew about corporations. Back then, the rich created the corporation as a vehicle to limit their risk to the assets of each voyage. The rich put their money into a corporation to finance the voyage. The corporation would then hire a crew to sail to the New World to look for treasure. If the ship was lost, the crew lost their lives, but the loss to the rich would be limited only to the money they invested for that particular voyage. Their newly formed corporation existed SEPARATE from and unrelated to their personal finances.

It is this knowledge of the legal corporate structure that really gives the rich a vast advantage over the poor and the middle class. Corporations have many strategies and options to protect the rich from Robin Hood as well as the taxman. In some cases those strategies may include bankrupting the corporation. This is one tool for protection from Robin and his Merry Men.

What many people don’t know is that a corporation is not really a thing. A corporation is merely a file folder with some legal documents in it, sitting in some attorney’s office and registered with a state government agency. It’s not a big building or a factory or a group of people. A corporation is merely a legal document that creates a legal body without a soul.

Using a corporation, the wealth of the rich is once again protected. The protection is not just from Mother Nature’s disasters, but from the desperate Robin Hoods trying to steal the riches of the wealthy.

Without knowledge, the world will push you around.
Knowledge is power. And with money comes great power that requires the right knowledge to keep it and make it multiply. Without that knowledge, the world pushes you around.

Once I had this knowledge of the power of money working for me, Rich Dad wanted me to be financially smart and not let anyone or anything push me around. If you’re ignorant, it’s easy to be bullied. If you know what you’re talking about, you have a fighting chance. That is why he paid so much for smart tax accountants and attorneys.

His best lesson to me was: “Be smart and you won’t be pushed around as much.” He knew the law because he was a law-abiding citizen, and more importantly, it was expensive to not know the law. “If you know you’re right, you’re not afraid of fighting back,” even if you are taking on Robin Hood and his band of Merry Men. It’s better to be Rich Dad with a bankrupt corporation than to let the desperate Robin Hood destroy you.

Protection from lawsuits
We live in a litigious society. Everybody wants a piece of your action. The rich hide much of their wealth using vehicles such as corporations and trusts to protect their assets from creditors. When someone sues a wealthy individual, they are often met with layers of legal protection and often find that the wealthy person actually owns nothing. They control everything, but own nothing.

The poor and middle class try to own everything and lose it to the government or to fellow citizens who like to sue the rich. They learned it from the Robin Hood story: Take from the rich, and give it to the poor.
It is not the purpose of this blog to go into the specifics of owning a corporation. But I will say that if you own any kind of legitimate assets, I would consider finding out more about the benefits and protection offered by a corporation as soon as possible.

There are many books written and courses offered on the subject that will detail the benefits and even walk you through the steps necessary to set up a corporation. They provide wonderful insight into the power of personal corporations.

As part of your overall financial strategy, I recommend that you learn about the protection that legal entities can provide for businesses and assets... And do it BEFORE you get rich!


The power of the corporation to protect you from Robin Hoods

When I was a young boy, my teacher told us the story of Robin Hood and his merry men. She thought it was a wonderful story about a romantic hero who stole from the rich and gave to the poor. My rich dad didn't think that Robin Hood was a hero. He thought that Robin Hood was a crook.

Though the story of Robin Hood depicts him and his band as happy-go-lucky thieves helping the poor, we must remember that it's just a story. In real life, the story of Robin Hood comes alive through the taxman. And if you've looked at your pay stub lately, you know that being part of the taxman's merry band doesn't make you merry at all. It makes you miserable.

The Robin Hood fantasy of taking from the rich and giving to the poor in the form of taxes has caused the most pain for the poor and the middle class.

This is because, though income taxes were originally intended only for the rich, once the government got a taste of money, it couldn't be satisfied. Eventually, the middle class and poor were taxed too.

Today, the middle class and the poor pay the most in taxes. This is because the rich understand how money works and have discovered ways to use the tax system to their advantage. Today, the poor and the middle class are miserable and the rich are merry.

If you want to be merry, you must learn to think like the rich and act like the rich.

The biggest secret the rich have when it comes to using taxes to their advantage is the corporation.
As a young boy, my poor dad always encouraged me to get a good job with a strong corporation. He spoke of the virtues of working my way up the corporate ladder. For him, a corporation was a big, confusing entity that only rich people owned. He didn't understand that it was the corporation itself that allowed people to get rich. And he didn't understand that telling me to work for a corporation and rely on a paycheck was setting me up to be poor.

When I told my rich dad about my father's advice to find a good job and climb the corporate ladder, he only chuckled. "Why not own the ladder?" was all he said.

The rich use corporations to protect and keep their money from Robin Hoods.
Most people’s biggest misconception is that a corporation is a big company owned by fat cats. While this is true at times, many corporations are small, or at least start small, and are the vehicle for becoming rich and staying rich.

I started my first corporation while I was working as a salesman at Xerox. As I excelled at sales, my income went up, but so did my taxes. Dismayed, I started a corporation on the side for my real-estate investments. As money built up in my corporation, I was motivated to work harder at Xerox so that I could invest more money in my corporation, make more money, and pay less in taxes.

Soon the cash flow from my corporation was higher than the money I made at Xerox, and I bought my first Porsche. My fellow Xerox employees thought I was spending my commissions, but I was instead investing my commissions in my assets and reaping the benefits of my cash-flowing investments. My money was working hard to make me more money.

How do corporations make you rich?
All of this was possible for me because my rich dad gave me strong, financial knowledge through financial education. Without this financial education, my road to independence would have been much more difficult, if not impossible, because I would have had a low, financial IQ. Thanks to rich dad, I gained a high, financial IQ.
Financial IQ is made up of knowledge from four broad areas:
  1. Accounting
    Accounting is financial literacy, or the ability to read numbers. This is a vital skill if you want to become rich. The more money you are responsible for, the more accuracy is required, or the house comes tumbling down. By learning to read financial statements, you can identify the strengths and weaknesses of any business.
  2. Investing
    Investing is the science of “money making money.” This involves strategies and formulas that use the creative right-brain.
  3. Understanding markets
    Understanding markets is the science of supply and demand. You need to know the technical aspects of the market, which are emotion-driven, in addition to the fundamental or economic aspects of an investment. Does an investment make sense or does it not make sense based on current, market conditions?
  4. The law
    A corporation wrapped around the technical skills of accounting, investing and markets can contribute to explosive growth. A person who understands the tax advantages and protections provided by a corporation can get rich so much faster than someone who is an employee or a small-business sole proprietor.
    • Tax advantages
      A corporation can do many things that an employee cannot, like pay expenses before paying taxes. Employees earn and get taxed, and they try to live on what is left. A corporation earns, spends everything it can and is taxed on what is left. This is one of the biggest tax loopholes that the rich exploit through corporations.
    • Protection from lawsuits
      We live in a litigious society. Everybody wants a piece of your action. The rich hide much of their wealth in corporations to protect their assets from creditors. When someone sues a wealthy individual, they are often met with layers of legal protection and often find that the wealthy person actually owns nothing.
Start being merry today.
Though it's not the purpose of this post to go into the specifics of owning a corporation, I will say that starting one is not hard, and if you have any legitimate assets, I'd strongly encourage you to learn more and do so—as soon as possible.
In today's world, there are many Robin Hoods angling to get your money. Instead of miserably handing it over, I encourage you to merrily protect it through the power of the corporation.

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