Curious Leadership with Dominic Monkhouse E239 | Winning The Wealth Game by Knowing Your Tax Law with Tom Wheelwright
Do you really understand how taxes work in your country? Our guest this week believes that 80% to 90% of people pay taxes and complain about the rich not paying. But, why do the rich don’t pay taxes? Our guest says it’s because smart entrepreneurs and wealthy people understand the laws. What people don’t realise is that tax law is primarily a series of incentives for entrepreneurs and investors.
This week on The Melting Pot, we learned from Tom Wheelwright, the CEO and founder of Wealth Ability, a network of CPA firms in the US and Canada. He’s spent 25 years buying, building, and selling CPA accounting, whilst travelling the world with Robert Kiyosaki, author of Rich Dad, Poor Dad, giving financial education to entrepreneurs and investors.
In this episode, Tom tells us about the difference between CPAs and entrepreneurs and how rare entrepreneurial CPAs are. He’s also a Rich Dad advisor and shares the story of how he met Robert Kiyosaki, author of Rich Dad, Poor Dad, and how they ended up teaching the fundamentals of business to entrepreneurs all over the world. Drawing from his latest book The Win-Win Wealth Strategy, he talks about what are the seven investments the government will pay you to make.
A fascinating conversation. Download and listen today.
On today’s podcast:
- Is it a moral duty to pay taxes?
- How do taxes really work?
- The seven investments governments will pay you to make
- The power of playing Cashflow
- Becoming financially independent
Follow Tom Wheelwright:
The Win-Win Health Strategy book
Book recommendations:
The Innovation Ultimatum by Steve Brown
Rich Dad, Poor Dad by Robert Kiyosaki
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