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Title: Loopholes of the Rich: How the Rich Legally Make More Money and Pay Less Tax by Diane Kennedy, Robert Kiyosaki ISBN: 0-446-67832-5 Publisher: Warner Business Pub. Date: 01 June, 2001 Format: Paperback Volumes: 1 List Price(USD): $19.95 |
Average Customer Rating: 4.02 (43 reviews)
Rating: 5
Summary: Thank you, Diane!
Comment: Loopholes of the Rich is a great book, written in the same candid style as the Rich Dad books by Robert Kiyosaki and Sharon Lechter. Diane simplifies the complicated and confusing tax codes and puts them in terms that I can understand. Small business owners get incredible tax benefits as Diane points to specific benefits for them. Diane also explains how to start your own business, if you don't have one, painlessly and easily!
Based on the principles that I've read in Diane's book, I've been able to save a lot of money in taxes, not to mention a considerable amount of liability protection strategies in using corporations as a safe way to manage my assets.
I strongly recommend this book for someone who is trying to make a difference in their financial situation, especially if they are attempting to start their own business. As a small business owner, I would have saved a considerable amount of time and money if I had this resource years ago. Rather than paying a CPA hundreds, if not thousands of dollars, you can gain Diane's expert advice at a great price-not to mention a great reference source for years to come.
I'd agree with other reviewers to a point when they say that Diane's material can be difficult to understand. But I wouldn't call it boring. Instead, it's material that you can't just read like some Clancy novel-it requires more thought and comprehension than that. She presents the complicated tax laws in diagrams and case studies, which is helpful. Still, this isn't a book for those people who want some quick fix to their tax problems, but a book to change one's financial success in regard to legal tax strategies.
I would strongly recommend this book. In fact, I hope that Diane writes another book!
Rating: 5
Summary: for marcisikoff [part 1]
Comment: sigh, the ignorance.
so, 98% of the people who tried MLM failed, a fact.
but what does the fact tell you? nothing.
the number does not tell you MLM is bad, you "assume" MLM is bad.
you need to look at the numbers from different angles.
there are hundreds of different MLM structure out there.
some are profiting, some are scams.
different companies utilize different structures, and sell different products.
maybe the company is bad, or maybe the products are bad, or maybe those people simply gave up too soon.
MLM is considered a business, and anyone who has formed or tried to form a (regular) business knows it often takes years to see real profit, if the business survived at all, not to mention the overhead every month.
i know a MLM company that allows you to balance your investment and efforts with "six" customers.
think upon that.
Rating: 5
Summary: for marcisikoff
Comment: apparently you don't know what MLM is.
a good MLM company requires following elements:
1. excellent and unique products that people would buy over and over
2. a good business structure.
what you are talking about, is a "pyramid scheme".
what's the difference, you ask.
with a pyramid scheme, you do the marketing, you do the shipping, you do the money, like Amway.
you have to ship the stuffs to your customers' doors even if it's a 5-dollar lip stick.
a true MLM company takes care of shipping and money handling, you just share the products with people.
so MLM CAN work, if the company has excellent products.
the reason 95% people fail is because they find company that sells phone card, kitchen wares, shampoo, etc.
of course it'd fail, cause you can get those stuffs in costco!
i urge you to take a look at my website.
feel free to criticize me, as it'll allow you to understand and allow me to learn more.
http://homepage.mac.com/tonyswu/stw/why.html
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