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

 
 
Final 
Comments 

Tax is a massive subject. Taxes are also your largest single expense. 
Due to the current financial crisis, taxes will have to go up. That is 
why knowledge of taxes is essential to a person’s financial education. 
Remember, tax rules are written for specific quadrants, not professions. 
This is why the advice, “Go to school to get a job or become a doctor,” 
is bad advice from the tax viewpoint. If a person wants to reduce taxes, 
they often have to change quadrants or add quadrants.
More important than taxes is your happiness with the quadrant 
you are in. In other words, changing quadrants just for taxes is not a 
good idea. If you are happy and successful in the E or S quadrant,
stay there and find ways to earn more money, even if you will pay 
more in taxes.
In the following chapters, I will explain how a person can remain 
in the E and S quadrants but learn to be an investor in the I quadrant.
Before doing anything with taxes, always seek competent 
professional tax advice.
In closing, not all tax advisors are equal. Most are in the E and 
S quadrants and think like accountants in the E and S quadrants. In 
other words, be careful from whom you get tax advice, even if they are 
tax accountants or tax attorneys. 
An incompetent, lazy, arrogant, or corrupt accountant or attorney 
can cost you a lot of money. I know from personal experience. Just 
because someone is an “A” student in school does not mean they are 
competent or honest in real life.

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Chapter Three
UNfAiR ADvANTAgE #3
DEBT
87
In 1971, President Richard Nixon took the U.S. dollar off the gold 
standard. The result? Savers became losers, and debtors became winners.