If you're paying more capital gains taxes, that means you're making more money. This is always preferable than relying on an annual 10 cent dividend from a $10 stock. I feel for you having to read through a mainstream-pampered book like that. If you have a Kindle account and want to message me the email address you use for it, I'll gift you a copy of my book for no charge. I can't 100% guarantee riches, but by the looks of that book, I'm pretty confident you'll get much more value out of mine.
The book was published in 1997. Tax codes change. Take the principles and apply them to the current reality. You have to do the math to see which of your options brings more long term gain.
Kiyosaki is (mostly) a con artist who knows how to talk punters into buying his books....
it is his 'opinion' which isn't
correct for every one.
study - total money make over,
dave ramsey for a different view
on wealth
I have a question. I am reading Rich Dad Poor Dad by Robert Kiyosaki. In it he criticizes investment in certain assets, because their returns are often diminished by capital gains taxes. Instead he recommends assets that generate cash income.
(If you translated this to the stock market, you could probably say he would be against "Growth" stocks and be more into dividend stocks).
But aren't dividends or cash income from investments also taxed as well?
He seemed to imply that if an asset's return comes in the form of cash income, rather than capital gains, this somehow is exempt from taxes.
