What Schools Will Never Teach You About Money By Robert T. Kiyosaki

Ultimate Objectives: 
Kim and I have the following five objectives:
1. We want our money back. At $5,000 a month or $60,000 a
year, plus the $28,000 in tax refunds, we get our $100,000 back
in a little more than a year. Try that in a 401(k). If the price of
oil is high, as it was when it hit $140 a barrel, we get our money
back faster.
Assets
BALANCE SHEET
Liabilities
Income
$5,000/month 
passive income
$100,000
Expenses
INCOME STATEMENT

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Chapter Two
Unfair Advantage
85
84
Professional Answer from Tom Wheelwright
Taxes are a part of life. The simple question is whether you are going to 
use the tax law to make them a smaller part of your life, or do nothing 
and let them stay a huge expense. With a sound education on how the 
tax laws work coupled with better tax planning from a competent tax 
advisor who understands the laws, most entrepreneurs and investors can 
permanently reduce their taxes by 10 percent to 40 percent. And the 
money you save in taxes can be used to invest and build your wealth. So 
don’t wait. Take action now and learn how you can reduce your taxes.
 
Final Question
FAQ 
But what if everyone became B’s and I’s? Who would pay the taxes?
Short Answer 
While possible, it is highly unlikely.
Explanation 
It is much easier to be an E or S working, saving, and investing
for ordinary income, the highest taxed of all three incomes.
I am confident someone will discover an alternative to fossil and 
nuclear energy in the next five years. When that happens, the world 
will be dramatically changed, just as the Internet has dramatically 
changed the world.
Regardless of your views on oil and the environment, remember that 
civilization requires energy. We need cheaper, cleaner, alternative 
energy for civilization to grow. If alternative sources of energy are not 
developed, civilization goes backwards. This is why I invest in oil and 
alternative fuels.