Reddit reviews Tax-Free Wealth: How to Build Massive Wealth by Permanently Lowering Your Taxes (Rich Dad Advisors)
We found 3 Reddit comments about Tax-Free Wealth: How to Build Massive Wealth by Permanently Lowering Your Taxes (Rich Dad Advisors). Here are the top ones, ranked by their Reddit score.
RDA Press LLC
Deeply sorry for your loss. I received some advice as a young man about windfalls that I’ll share with you.
Forget about the money for a year. Open a separate bank account that you won’t see and live like it isn’t there. The lost income from investments for one year will be insignificant compared to the cost of a hurried misstep.
In a year with a clear head and a strong heart educate yourself about different investment philosophies and see which ones resonate with you. Investing is very personal and there isn’t one right answer.
There isn’t a right answer, but be wary of the salesmen. All the money / wealth managers are well compensated for their advice and there are many ways they hide their fees and take advantage of their clients (even fiduciaries). If you’re considering enlisting a professional, a robotic trader like https://www.wealthfront.com/ or https://intelligent.schwab.com/ will serve you just as well with lower fees. If you do decide to enlist an advisor to help formulate a financial plan for you, find a fee-based advisor who you can pay once every few years to update the plan.
Here are a few books that were helpful to me in developing my investment philosophy that allowed me to retire in my early thirties.
Bogleheads / Vanguard Index Funds
https://www.amazon.com/Little-Book-Common-Sense-Investing/dp/1119404509
The Richest Man in Babylon (investing philosophy)
https://www.amazon.com/Richest-Man-Babylon-George-Clason/dp/1505339111
Dave Ramsey / Personal Finance
https://www.amazon.com/Total-Money-Makeover-Financial-Fitness/dp/159555078X
Tax-Free Wealth - Tom Wheelwright / How investments affect your taxes
https://www.amazon.com/Tax-Free-Wealth-Permanently-Lowering-Advisors/dp/1937832058
Where are the Customer’s Yachts
https://www.amazon.com/Where-Are-Customers-Yachts-Street/dp/0471770892
If you're doing this get a good CPA who has real estate knowledge.
Morris Invest has an incredible podcast that covers all sorts of topics like this.
Also Tom Wheelwright who is featured on the podcast a lot has a great book on this called Tax Free Wealth.
Here you go dude. Read this http://www.amazon.com/Tax-Free-Wealth-Permanently-Lowering-Advisors/dp/1937832058 . There are plenty of reasons why people dont pay as much taxes. They invest the way the government wants them too. They provide jobs ect.