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Bitcoin Tax Secrets: How the Rich Avoid Paying More - Legally! - Robert Kiyosaki, Tom Wheelwright
The Rich Dad ChannelAre you a Bitcoin investor worried about taxes? You’re not alone! In this episode of the Rich Dad Radio Show, Robert Kiyosaki and tax expert Tom Wheelwright break down the hidden secrets of cryptocurrency taxation and how savvy investors can avoid costly mistakes. We’ll dive into everything from Bitcoin tax regulations to the IRS’s increased scrutiny on crypto transactions. Plus, Robert shares why he believes commodities like gold, silver, and oil are the ultimate wealth-building tools for reducing tax burdens—and how Bitcoin investors can learn from these strategies. Whether you’re new to crypto or a seasoned investor, this episode is packed with tips to help you protect your wealth, minimize taxes, and navigate the ever-changing financial landscape. 👉 To learn more about the IRS Tax code on cryptocurrencies, visit: https://bit.ly/4fVYqtS 00:00 Introduction 01:16 Understanding IRS Guidelines on Virtual Currency 01:57 Tax Implications of Using Bitcoin and Ethereum 07:56 Real Estate and Tax Strategies 11:19 The Role of Commodities in Wealth Building 14:45 Capitalism, Tax Incentives, and Wealth Accumulation ----- Disclaimer: The information provided in this video is for educational and informational purposes only. It should not be considered as financial advice or a recommendation to buy or sell any financial instrument or engage in any financial activity. The content presented here is based on the speaker's personal opinions and research, which may not always be accurate or up-to-date. Financial markets and investments carry inherent risks, and individuals should conduct their own research and seek professional advice before making any financial decisions.2.75K views 6 comments -
How to Run a Successful Airbnb: Mastering Short-Term Rentals - Jaren Sustar, Michael Elefante
The Rich Dad ChannelJoin Jaren Sustar in this exciting episode as he interviews Michael Elefante, a renowned real estate investor and entrepreneur who achieved financial freedom at the age of 27. Michael shares his journey from working at Dunkin' Donuts to owning eight short-term rental properties that generate over $1.5 million in gross rental income annually. The conversation dives into strategies for succeeding in the competitive Airbnb market, the importance of leveraging technology for property management, and Michael's personal experiences and mistakes in real estate investment. Tune in to learn how you can find, manage, and grow your short-term rental portfolio effectively. 00:00 Introduction 00:16 Special Guest: Michael Elefante's Journey 01:20 The State of Airbnb: Myths and Realities 03:33 Navigating Risks in Short-Term Rentals 08:32 Michael's Path to Financial Freedom 13:07 The Power of Assets and Financial Independence 16:59 Finding and Evaluating Airbnb Properties 19:02 Creating a Unique Property Value 19:34 Formulating the Buy Box 19:39 Working with Local Realtors 19:54 Revenue and Purchase Price Ratio 20:14 Setting Criteria for Property Selection 21:22 Importance of Volume in Finding Deals 21:43 Competing on Value, Not Price 22:05 Adding Unique Amenities 23:09 Creating Memorable Experiences 25:40 Challenges in Property Management 26:55 Leveraging Software for Efficiency 29:41 Mistakes and Lessons Learned 30:57 The Importance of Playing the Game 31:43 Adapting Investment Strategies ----- Disclaimer: The information provided in this video is for educational and informational purposes only. It should not be considered as financial advice or a recommendation to buy or sell any financial instrument or engage in any financial activity. The content presented here is based on the speaker's personal opinions and research, which may not always be accurate or up-to-date. Financial markets and investments carry inherent risks, and individuals should conduct their own research and seek professional advice before making any financial decisions.2.27K views -
I spent my whole life getting rich, was it worth it?
The Rich Dad ChannelDisclaimer: The information provided in this video is for educational and informational purposes only. It should not be considered as financial advice or a recommendation to buy or sell any financial instrument or engage in any financial activity. The content presented here is based on the speaker's personal opinions and research, which may not always be accurate or up-to-date. Financial markets and investments carry inherent risks, and individuals should conduct their own research and seek professional advice before making any financial decisions.2.9K views -
A MOTIVE - Rain Dance
Tate Speech by Andrew TateHelp the message be spread, help your fellow man. More videos here: https://www.youtube.com/watch?v=WbnaNrgFZu4188K views 160 comments -
I am $1.2 Billion in Debt, Here's What Banks Don't Want You To Know About Money
The Rich Dad ChannelIn this video I share why understanding and using debt strategically can be the ultimate financial game changer. This isn’t about reckless borrowing—it’s about leveraging debt as a tool to generate wealth. We start by going back to 1971, when President Nixon took the U.S. dollar off the gold standard, transforming money as we knew it. Today, every currency—whether the U.S. dollar, peso, yen, or euro—is debt. Yet, mainstream financial advice often tells you to live debt-free, and while that’s safe for most, the wealthy play a different game: using debt to build assets that produce cash flow. I’ll explain the core principles of financial literacy, using my experience and the concepts from Rich Dad Poor Dad and the Cashflow board game. We’ll cover why buying liabilities like cars and houses with debt keeps you poor and how using debt to acquire assets makes you richer over time. Financial literacy starts with understanding two key words: cash and cash flow. #debt ----- Disclaimer: The information provided in this video is for educational and informational purposes only. It should not be considered as financial advice or a recommendation to buy or sell any financial instrument or engage in any financial activity. The content presented here is based on the speaker's personal opinions and research, which may not always be accurate or up-to-date. Financial markets and investments carry inherent risks, and individuals should conduct their own research and seek professional advice before making any financial decisions.3.6K views 5 comments -
Trump vs Harris: Why Their Tax Proposal Changes EVERYTHING
The Rich Dad ChannelYou can buy the shirt here https://store.richdad.com/products/mi... In this crucial lesson, we tackle the pivotal question for American voters: Are you backing a capitalist or a Marxist? This video focuses specifically on the contrasting tax policies of Donald Trump and Kamala Harris, revealing how their approaches could shape our economic landscape. Join me, a military school graduate with a passion for economics, as we explore the implications of taxation on personal wealth and private property rights. We’ll analyze Harris's proposed tax increases and how they contrast sharply with Trump's plans to maintain and even reduce taxes for Americans. Learn how Harris’s policies, which could impose hefty taxes on investors and entrepreneurs, threaten to diminish financial freedom, while Trump’s approach promotes tax benefits that encourage business growth and wealth accumulation. This discussion isn't just theoretical; it’s about the real impact of these policies on your wallet. We’ll also highlight how the educational system has shaped our understanding of these economic principles—and why it's crucial for voters to recognize the difference between these ideologies. Plus, find out how you can show your support for capitalism with our exclusive t-shirts! ----- Disclaimer: The information provided in this video is for educational and informational purposes only. It should not be considered as financial advice or a recommendation to buy or sell any financial instrument or engage in any financial activity. The content presented here is based on the speaker's personal opinions and research, which may not always be accurate or up-to-date. Financial markets and investments carry inherent risks, and individuals should conduct their own research and seek professional advice before making any financial decisions.2.44K views