Chapter
How to acquire money to buy a house
56:46 - 1:00:55 (04:09)
The challenges of acquiring money to buy a house and the misconception that real estate investment is a safe way to make money are discussed in this episode. The host also acknowledges the struggles that people face in paying bills and saving up for big purchases like a house.
Clips
Paul explains how the tax laws are not equal and starting a home-based business has tax advantages that the middle class and poor do not have, making it easier to pay yourself first.
56:46 - 58:00 (01:14)
Summary
Paul explains how the tax laws are not equal and starting a home-based business has tax advantages that the middle class and poor do not have, making it easier to pay yourself first. Real estate is a good source of income with fewer taxes.
ChapterHow to acquire money to buy a house
EpisodeRich Dad Poor Dad
PodcastIf Books Could Kill
The misconception that real estate only involves the purchase of a home to live in is debunked in this podcast episode.
58:00 - 59:26 (01:25)
Summary
The misconception that real estate only involves the purchase of a home to live in is debunked in this podcast episode. Instead, real estate can be a lucrative investment opportunity even if one does not buy a home to live in.
ChapterHow to acquire money to buy a house
EpisodeRich Dad Poor Dad
PodcastIf Books Could Kill
The advice from some personal finance advisors is lacking substance, typically revolving around buying real estate or flipping properties, and they fail to offer guidance on how to accumulate wealth.
59:26 - 1:00:55 (01:29)
Summary
The advice from some personal finance advisors is lacking substance, typically revolving around buying real estate or flipping properties, and they fail to offer guidance on how to accumulate wealth. Personal finance tips often center around getting the right mindset, but the end goal is still just buying property or stocks.