Chapter
Tax Avoidance Tips for the Wealthy
51:18 - 53:42 (02:24)
The podcast discusses the lack of helpful tax avoidance tips for the average employee and suggests that the available advice is geared towards the already wealthy.
Clips
The baseball card market collapsed in the 80s and 90s and is now a fraction of what it once was, making any investment in that area highly risky.
51:18 - 52:41 (01:23)
Baseball Card Market
Summary
The baseball card market collapsed in the 80s and 90s and is now a fraction of what it once was, making any investment in that area highly risky. There are no tips on how to avoid paying income taxes, especially for employees whose incomes are reported to the IRS.
ChapterTax Avoidance Tips for the Wealthy
EpisodeRich Dad Poor Dad
PodcastIf Books Could Kill
The speaker emphasizes the importance of paying oneself first, even if short on money, as the asset column is more important than the government.
52:41 - 53:42 (01:01)
Personal Finance
Summary
The speaker emphasizes the importance of paying oneself first, even if short on money, as the asset column is more important than the government. Although he advises to pay the government and employees, the speaker speaks negatively on taxes and the government's tendency to increase taxation with an increase in earnings.