The Rich Dad Advisors to Robert Kiyosaki recently made an appearance on “Fox & Friends” to provide some financial wisdom and serve as an example of a great entrepreneurial team.
To be successful, you need to surround yourself with smart people. As Robert Kiyosaki says in the interview, “nobody is that smart, but if you have a smart team, you have a better chance of success,” and his team of advisors is astoundingly smart.
If you’re an entrepreneur just starting out, you won’t want to miss this great set of tips and links to additional resources. Watch the video or read the summary below to learn from this team of financial all-stars.
Rich Dad Advice for New Entrepreneurs
Tom Wheelwright – Tax and Wealth Expert
Wheelwright explains how the tax code is a series of incentives built for entrepreneurs to use for building their business. You just need to familiarize yourself with its contents to find out how it can help support your million dollar idea. For example, you can get a tax credit and a tax deduction for R&D purposes, which would allow you to flesh out your product. Don’t get stuck on the payment part of the tax code. Find out how the rest of it can work for you. Get more information on his book, “Tax Free Wealth” here.
Garrett Sutton – Asset Protection Expert and Advisor
Sutton advises all business owners just starting out to protect their assets by forming a corporation or LLC. Since we live in such a litigious society, not doing so could put your personal assets (such as your home, your car and your bank account) at risk.
Darren Weeks – Raising Capital Advisor
Most business owners don’t learn valuable sales skills in college, which can be devestating when pitching to investors. Weeks explains that knowing how to sell your idea to investors is a crucial part of growing a business . You have to remember that your network is your net worth, and the best way to learn how to network is to go out and actually meet with people. You won’t learn these skills behind a computer screen.
Ken McElroy – Real estate advisor
Most people don’t seem to know how to use debt properly. As McElroy explains, many people take on bad debt, like credit card debt, much more often then they take on good debt that goes towards buying assets. That can become expensive over time, and as Kiyosaki says, “Debt is like a handgun, if used improperly it can kill you, but used properly it can protect you.” If you’re just getting started in the Real Estate business, make sure you pick up Ken McElroy’s book, “The ABC’s of Property Management.”
Do you want more great advice from the Rich Dad Advisors? Join Garrett Sutton and Tom Wheelwright in Boston, Massachusets November 3 – 5 for the Tax & Asset Protection course. You’ll learn how to protect your assets from politicians, pirates & predators by using asset protection strategies and tax reduction methods. These few days are packed with information that is sure to set you up for success. Find the full list of topics covered here.
This course normally sells for $1,195, but if you reserve your seat now during early bird pricing, you’ll get $400 off! You don’t want to miss this opportunity, Sign up today.