2min chapter

Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business cover image

The Great Wealth Shortcut: How to Fast Track Your Journey to Financial Freedom – Robert Kiyosaki, Kim Kiyosaki, Jason Hartman, and Tom Wheel

Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business

CHAPTER

Are You Using the Bank's Money to Compound Your Tax Benefits?

Jason: I think we're going to see a decline in the standard of living for a lot of people. Most people are going to get wiped out because they went to fricken school and they listened to marxus telling that paying taxes is good, and you shall get out of debt,. But at rich debt, debt is good because it's taxd trad right? Tom no te tax free. So i can't imagine going into real estate without borrowing, because you you lose so much of the tax benefit. Literally, you lose 80 % of the tax benefits if you use your own money as opposed to borrowing and using the bank's money.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode