Discover this podcast and so much more

Podcasts are free to enjoy without a subscription. We also offer ebooks, audiobooks, and so much more for just $11.99/month.

Round Table | What Does The Cash Flow Quadrant Teach Us About Taxes?

Round Table | What Does The Cash Flow Quadrant Teach Us About Taxes?

FromThe Wealth Without Wall Street Podcast


Round Table | What Does The Cash Flow Quadrant Teach Us About Taxes?

FromThe Wealth Without Wall Street Podcast

ratings:
Length:
32 minutes
Released:
Oct 5, 2021
Format:
Podcast episode

Description

Have you heard about Robert Kiyosaki’s The CASHFLOW Quadrant? It describes the four types of people according to how they earn money and pay taxes. The four quadrants are labeled E (Employee), S (Self-Employed), B (Business Owner), and I (Investor). E and S are on the left quadrants. They are those who trade their time for money. B and I are on the right side of the quadrant. They earn passive income and are financially independent. In terms of taxes, employees pay the highest percentage. The more money you make as an employee, the higher your tax bracket, and you have very few options to reduce your income through deductions. A lot of people are in this quadrant. Is this the quadrant you want to continue to be in? People on the right side of the quadrant have more flexibility with their time, money, and the taxes they pay. Find out how taxation works in today’s round table, and think about how you can move from being an employee to a business owner or an investor. --Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches. Join here: https://wwws.link/inner-circle-sign-upKnow More About The CASHFLOW Quadrant:https://www.richdad.com/cashflow-quadrant
Released:
Oct 5, 2021
Format:
Podcast episode

Titles in the series (100)

Your go-to podcast for uncovering the dirty secrets behind Wall Street and how to take back control of your wealth. The Wall Street mindset separates both families & business owners from their money while the elite and unknown get to use it for their advantage. The secret to achieving this is having your money work for you, not someone else, when wealth building. You can get there through earning passive income. When you have more passive income than you do expenses, you have achieved financial freedom. On this podcast, we work tirelessly toward your financial freedom. We cover topics like the Infinite Banking Concept, multifamily real estate, private lending and a multitude of other cutting edge ideas. We host industry specific reputable guests and share personal stories to educate you on how to finally achieve financial freedom. For more education on how, check out wealthwithoutwallstreet.com