Ebook Tax-Free Wealth: How to Build Massive Wealth by Permanently Lowering Your Taxes (Rich Dad Advisors), by Tom Wheelwright
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Tax-Free Wealth: How to Build Massive Wealth by Permanently Lowering Your Taxes (Rich Dad Advisors), by Tom Wheelwright
Ebook Tax-Free Wealth: How to Build Massive Wealth by Permanently Lowering Your Taxes (Rich Dad Advisors), by Tom Wheelwright
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Product details
Series: Rich Dad Advisors
Paperback: 320 pages
Publisher: RDA Press, LLC; 2nd edition (May 26, 2015)
Language: English
ISBN-10: 1937832058
ISBN-13: 978-1937832056
Product Dimensions:
6.2 x 1 x 9.2 inches
Shipping Weight: 13.6 ounces
Average Customer Review:
4.3 out of 5 stars
230 customer reviews
Amazon Best Sellers Rank:
#45,396 in Books (See Top 100 in Books)
It's one of those books that gets you ready for some mind-blowing information for half of the book, then offers information that you can't really use right now, because you've not yet amassed wealth to shelter in the first place. I hate filler books, and this was puffed full of unnecessary words. It's almost like someone telling you "I have a secret! Are you ready to hear it?!" You say yes and they say: "Get ready, it's the best secret ever!" and you say "Good, tell me!" Then they go, "This secret will change your life!" and after this exchange goes on for 10+ turns, you eventually give up and walk away, because clearly this person is trying to sell you air in the mountains.
It's good enough to keep reading but often drags on extra fluff and nonsense that helps him fill entire chapters. It's too generic and often references, "speak with your tax advisor about this one". I am still learning things but nothing too significant or world changing.
There are a few nuggets of wisdom worth hearing in here, but you must wind your way through massive amounts of dross to find them. The book is 75% motivational speech material and anecdotal comments; only the remaining 25% is informational.The things you will learn from this book are highly generalistic, and many of the examples tend to be wildly optimistic... as well as oversimplified.Reading this book proved to me what I should have been able to figure out by reading the title.. if it sounds too good to be true, it is. The book informs the reader that by spending large amounts of money on real estate or starting a business, a significant tax break may be reaped on those investments. Just as the old saying goes, "you have to HAVE money to MAKE money," so also it can be said that you have to SPEND money to get tax breaks. I want my money back!
Shift your view of taxes and increase your wealth. It helps that I was already doing some of the things this book suggests and it will resonate more with entrepreneurs, business owners and investors, including aspiring ones. If you want to control your future then you should include this book in your library.
I heard the author talking about this book on a podcast and he mentioned how it was updated regarding the new tax code. Honestly, that was why I bought it, I thought it would have some good tips regarding the new code. It was very basic in that area and had only a very short segment. It did provide some actionable advice on some areas, however, the book gave minimal detail. As others mentioned, it does discuss in detail investing in real estate and using maximum leverage to achieve your results. I, personally, think some leverage is good, but max leverage on the downside is how people get crushed. He also is very down on retirement accounts, which I don’t totally agree or disagree with. I think some real estate with or without leverage and some traditional retirement accounts are a good idea. I would probably give this book a lower rating, but I think for some people starting out, this book provides some key advice they may not have heard before.
Good book, very helpful to a point and then of course you will need to go on his site and purchase other items you will need to grow and proceed. I recommend it.
This is a great book with excellent insight on how to use the current tax system to your advantage. It's not about cheating the system. It's all about to utilize all of the incentives offered to maximize your tax savings.Tom's writing style is very easy to follow, even through all of the numbers and details.I've learned a lot from this book and plan to keep it nearby for a long while.
Great book- cannot wait for version 2.0 to include the new tax cuts
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