Why I Hope Donald Trump Paid $0 in Taxes

Written by Robert Kiyosaki | Tuesday, August 16, 2016

And Why Hillary Clinton is Wrong To Attack Him On It

You can tell that the presidential race is heating up because the attack ads are heating up too. In the past, much of political advertising happened on the television. If you didn’t like it, you could change the channel. This election involves social media more than any other I can remember.

Last week, Hillary Clinton, the Democratic nominee for president, sent this out on her Twitter account:

patrickiturra.com
Twitter

Usually, the candidates choose to release their tax returns if they are running for president. Donald Trump has elected, so far, not to do this.

Last week, Hillary and Bill released their 2015 tax return to the public. This was most likely the reason they are attacking Trump on his tax returns. As The New York Times reports, Hillary and Bill paid “$3.6 million in federal taxes for an effective tax rate of about 35 percent.” Most of this income came from speeches and Hillary’s memoir.

I find it interesting that Hillary would choose to attack Donald Trump for not paying anything in taxes and celebrate that she paid so much in taxes. This to me shows that Hillary is a career politician, while Donald is a career entrepreneur. It also shows me that Donald is doing what the tax code was intended for while Hillary and Bill are being penalized for not doing what the tax code was intended for.

As I’ve learned from my Rich Dad tax advisor, Tom Wheelwright, the most patriotic thing you can do is not pay your taxes!

Let me explain.

The Tax Code is Made to Incentivize

As you probably know, the tax codes in the US and in many different countries are long and complicated. The question is, why?

The reason is that government leaders learned a long time ago that the tax codes could be used to make people and businesses do what they want by utilizing the tax code.

In short, the many credits and breaks that are found in the tax code are there precisely because the government wants you to take advantage of them. For instance, the government wants cheap housing. Because of this, there are many tax credits for affordable housing that developers and investors can take advantage of that minimize their tax liability, put more money in their pocket, and in turn, create affordable housing. Everyone wins.

There are many scenarios like this in the tax code that incentivize investors and entrepreneurs to do activities the government is looking for while rewarding those who take those actions with lower-or zero-tax burden.

Because of this, limiting your tax liability actually means you’re doing what the government wants you to do through the tax code. And that is the most patriotic thing you can do.

Why Hillary is wrong

This is why it is insanity for Hillary to criticize Donald for not paying taxes. The only way in which he would not pay taxes would be by doing things like investing and creating jobs to receive tax benefits created by the government! Conversely, the fact that Hillary and Bill paid a 35% tax rate and millions in taxes shows they are not doing what the government wants. They are not providing jobs, starting businesses, or investing in a meaningful way.

Personally, I’d rather have someone who understands how money and taxes work, how to create jobs and invest in ways our own tax code incentivizes, than one who doesn’t. This is not an endorsement of either candidate, but it is a true observation regarding this one issue.

Hillary’s tweet is capitalizing on the general ignorance around money and taxes that much of our country has. In that way, it is actually a lie and a form of fear mongering. It is an attack without legs to stand on, preying on emotions rather than appealing to logic and intellect.

But that’s what most of our politics has devolved to these days, so I’m not surprised.

Want to know more? Read Tom’s book on taxes

During the election season, you’ll hear lots of things that sound right, but fall apart upon further analysis. That’s why it pays to do your own homework, especially when it comes to money and taxes.

And that’s why you should read Tom Wheelwright’s book, Tax-Free Wealth.

Tom is a genius when it comes to taxes, and I encourage you to read his book- and to begin looking at how you can be patriotic by not paying your taxes by investing and building businesses that the government rewards with tax breaks and credits for doing exactly what they want.

Also, for more information on using the tax code to get rich, take advantage of our Rich Dad education and coaching classes that will help increase your financial education and your wallet, while decreasing your tax bill.

More to protect your money: Do You Need Insurance Against the U.S Dollar?

Written by Robert Kiyosaki | Tuesday, August 16, 2016

BUY HAPPINESS

THE SCIENCE BEHIND THE AGE-OLD QUESTION OF MONEY AND HAPPINESS

By Kellie Colunga

“It’s the hap, happiest season of all,” the crooners sing. But is it? As much as we try to make loved ones our focus at the end of the year, the subject of money always seems to be lingering in the background. Whether you’re keeping a running mental tab on what you’ve spent on the holiday festivities, you’re waiting to hear if you got that raise or bonus, or you’re determining your end of the year giving, chances are you’ve got your mind on your money and your money on your mind (as Snoop Dog would say).

Is your money really serving you? Does it make you happier? Are you using it to lead a more fulfilled life? If you answered no to any of these questions, take heart, there is hope. Because the science says money does bring you happiness – if you use it right.

HIT YOUR TARGET

Happiness is correlated to income, but only up to $75,000, according to a highly publicized 2010 Princeton study. So what does this mean? According to the research, people reported having a greater “emotional well-being” based upon income up to $75,000, after which the level of happiness evened out.

Essentially, this study quantified what we instinctively had guessed – that money alleviates the stress of providing our most basic needs. In other words, $75,000 of annual income buys peace of mind. Meanwhile, low income intensifies the emotional strain of the trials of life like medical emergencies and divorce, causing compounded pain from financial insecurity.

In fact, one study concluded that income could actually reduce the incidence of serious mental illness. “We know from the results that changes in family income are important drivers of people’s emotional lives,” said David Clingingsmith, author of the paper and associate professor of economics at Case Western University.

What does this mean for you? Well, if you’ve already hit that $75,000 threshold and you’re not happy, it means you just need to learn how to spend effectively. Keep reading! If you haven’t hit that target yet, first things first: you need to get to know your numbers. Implement a spending plan and take massive action to get your financial security in place. Just having an emergency fund that covers your basic needs for three to six months will alleviate the little voice of panic inside you (or your partner) that constantly questions what will happen if a crisis occurs. (Book maybe you like MONEY Master the game)

However, the science says that no matter where you are at in your financial journey, spending your money in these ways will bring you more satisfaction in life.

3 WAYS TO SPEND MONEY THAT WILL ACTUALLY MAKE YOU HAPPIER

SPEND IT ON OTHERS – AND WITNESS THE IMPACT

As it turns out, science has upheld the maxim, “it’s better to give.” A Harvard study conducted across over 100 countries found that whether rich or poor, people who give to charity are happier. Perceived happiness increases even more when we can see the impact our gift has on someone.

Remember that moment when you gave someone a gift that you just…could…not…wait for them to open? As they opened your present, you searched their face for the delight that you knew that you put there by giving them a gift you knew they would love. Giving a gift that changes someone’s life or just makes them feel known and loved meets our deep need for love and connection, improving the quality of our own lives whilst improving another’s.

SPEND IT ON EXPERIENCES

Make memories, not purchases. Spending money on experiences makes us happier than spending money on material things for a few reasons.

For one, spending our money on experiences creates a connection with the people we shared that experience with – and those memories form a bigger part of our sense of identity than the things we buy. In fact, we remember experiences as better than they actually were. Alternatively, we adapt to the material purchases quickly.

ALREADY CONVINCED, BUT NEED IDEAS? HERE IS A LIST OF 7 “EXPERIENCE GIFTS” WE PUT TOGETHER FOR THE HOLIDAY SEASON.

paper from Cornell University psychology professor Thomas Gilovich showed that we also get more pleasure out of anticipating experiences than anticipating the acquisition of material things. There is a reason that those brilliant credit card commercials tell a story of purchases made to create a ‘priceless’ memory. It is the experiences that stir up your emotions; it is the experiences that they are selling.

Consider this: The two days your spend waiting for your Amazon Prime package to arrive doesn’t build the same kind of anticipation as planning and dreaming about that vacation to Belize does. You take the time off work, brush up on your Spanish, read travel blogs and more, all the while thinking about how epic this trip is going to be. And once it’s over, you’ll tell the story of zip-lining through the rainforest to anyone who will listen for the rest of your life.

Best of all, we don’t compare experiences quite the same way we compare our material possessions to other people’s. Teddy Roosevelt may have said it best when he postulated, “Comparison is the thief of joy.” But thankfully, keeping up with the Jones’ doesn’t translate to experiences the same way it does to things. Sure, the Instagram pics of your college roommate’s family trip to Hawaii may give you travel envy, but it doesn’t diminish the joy you experienced camping in Yosemite with your spouse.

Although it may be easier to prioritize buying material goods, thinking they’ll offer better value for money in the long run, psychologists tell us that the opposite is true.

BUY BACK YOUR TIME

Studies also show that we are happier if we buy back our time. Wait, isn’t time the one thing money can’t buy us? As it turns out, no. Time is one of the most important things money can buy, precisely because it is such a valuable resource.

As the author of Happy Money: The Science of Happier Spending, Professor Elizabeth Dunn, suggests: “Don’t buy a slightly fancier car so that you have heated seats during your two-hour commute. Buy a place close to work, so that you can use that final hour of daylight to kick a ball around in the park with your kids.” A University of Zurich study agreed, citing that you would need a 40% raise to offset the added misery of a one-hour commute.

But it’s not just time sitting in traffic you can buy back. What would you be willing to give up to gain back the time you spend cleaning your house? Pack your lunch a couple of days a week and you may find that house cleaner is suddenly within budget, freeing up those precious hours.

This is especially difficult for those of us from hard-working families who were brought up to do things ourselves. Sure, we can change our own oil, but is it the best use of our time? Will it bring you joy? If so, have at it. If not, reconsider what your time is worth and spend accordingly.

TELL THE RIGHT STORY

Finally, your happiness is ultimately determined by the story you tell yourself. What is the story you consistently tell regarding your finances? Is it empowering you or limiting you? Is your story making you happy? As Tony Robbins says, “Change your story, change your life.”

On your journey to financial freedom, be sure to cultivate gratitude. One of the main reasons that collecting more things doesn’t make us happy in the long run is because we adapt quickly to it. Sonja Lyubomirsky, psychology professor at UC Riverside, says,” If you have a rise in income it gives you a boost, but then your aspirations rise too…You’ve stepped on the hedonic treadmill. Trying to prevent that or slow it down is really a challenge.”

Consciously fostering gratitude is key to maintaining joy. 

Wherever you are in your financial journey, may you find joy this holiday season

Book may be you like MONEY Master the game

More about Success: Why Sarcastic People are More Successful

Original Post in Tony Robbins/Money 

Found $2.7 Trillion Magical Dollars

Learn More: Blame the government, not Wall Street [“A liquidity drought can exacerbate, or even trigger, the next financial crisis. Sellers will offer securities, but there will be no buyers”]

If you need to start a new venture. I have the system that can provide the cash flow to build your business and start capitalizing in tangible assets. For more information contact me HERE

Blame the government, not Wall Street

Billionaire Steve Schwarzman warns of next financial crisis

That’s what billionaire private equity boss Steve Schwarzman argues in an op-ed he authored in The Wall Street Journal that was posted Tuesday night.

Schwarzman is the latest financial CEO to warn that new laws put in place after the Great Recession are likely to cause a liquidity crisis that could tank the economy again.

“A liquidity drought can exacerbate, or even trigger, the next financial crisis. Sellers will offer securities, but there will be no buyers,” wrote Schwarzman, founder of Blackstone (BX), one of the world’s largest private equity firms.

blackstone-ceo-schwarzman-private-equity

Problematic regulation: He acknowledged that the Dodd-Frank law has made the banking system stronger by requiring banks to hold more liquid assets on hand (translation: cash or assets that can be easily sold in times of duress). However, there are unintended consequences.

Since banks are holding on to more assets, there simply aren’t as many buyers and sellers of stocks, bonds and other investments. He cites a Deutsche Bank (DB) report that said corporate bond inventories are down 90% since 2001.

“Taken together, these regulatory changes may well fuel the next financial crisis as well as slow U.S. economic growth,” he warns. Investors got a small preview in October of what could be coming when the bond market got spooked and experienced a massive swing.

More red flags: Economist Nouriel Roubini, who correctly predicted the 2008 financial crisis, recently made similar comments.

Roubini warned of the existence of a “liquidity time bomb” that he fears will eventually “trigger a bust and a collapse” in the market.

While Roubini believes increased regulation is a factor, he also says the rise of lightening-fast computer trading contributes to the problem and that the Federal Reserve’s unprecedented efforts to stimulate economic growth have also likely created asset bubbles.

JPMorgan (JPM) CEO Jamie Dimon has gone as far as to say that Wall Street is “under assault” now from regulators. The Dodd-Frank regulations have made it harder for banks to make as much money as they did in the past, especially from trading.

There’s an ongoing debate in Washington about what’s a good amount of regulation for banks. Some politicians — most notably Democratic Senator Elizabeth Warren — have called for big banks like JPMorgan Chase to break up so they won’t be as big of a threat to financial markets if something goes wrong.

Schwarzman argues that small and medium-sized banks have been hurt even more by Dodd-Frank and that no bank — big or small — will want to lend or trade much in the next big crisis.

This is the opportunity you are looking for…

Call me and I’ll show you how you can have a product that can sell on auto pilot and in the meantime you can capitalize in tangible assets. Contact me HERE for more detail.

Source: Wall Street Journal / CNNMoney

Economic Crisis 2015 & Great Opportunity

 Economic Crisis 2015 – Peter Schiff & Mike Maloney

Recently Peter Schiff visited Mike Maloney in California. During his stay they filmed nearly 3 hours of discussions about precious metals, freedom, and the economy in general.

Over the next few weeks we’ll be publishing a series of these videos, so make sure you are subscribed as this analysis is not to be missed. In this first installment, Mike and Peter discuss hard evidence that a huge economic crisis awaits us in the not too distant future.

Contact me HERE, to receive a cash flow business strategy, build your own system, and take advantage of this economic crisis

Fed Can’t Raise Rates Without Popping Bubble – Peter Schiff

“I Want to Be in Gold, Were Getting Ready for Another Big Leg Up, I maintain that Gold is Going to $5000.00 & Higher, People Need to Buy Gold….. People Need to Understand Why”….

Don’t miss out this opportunity, the Wealth Transfer is in your feet, and don’t waste time thinking about it.

Contact me HERE, I have a business strategy for your, liquidity, more sales and assets.

Worst Business Decisions

Turning down the most successful band in history and rejecting the chance of buy one of the world’s most important inventions are just two of the 10 worst business decisions of all time, and the number 11 will be your decision.

This is the most important part when your goal will be your financial freedom. Let me put one more fact, the number 11, this chance for you is already gone! 

In 2000, 1 ounce of pure gold cost $279.11.
In 2010, the same 1 ounce cost US$1,224.53 [gold price]
What does that mean for you? That your fiat currency (dollars) will devaluate 26.6% in 10 years (just in USA).[Federal Reserve]
In Argentina, their currency devaluation is 21.43%

So, the #11 business decision is in your hands right in front of you. This is a fact, If the dollar continues to loose their purchase power (FED 33% dollar already programmed for 2014)  what will you decide? And, If the market crashes again like 2008, you will be in an extremely good financial position if, you take action today and start accumulating your gold (International Reserve Asset).

Don’t miss out this opportunity, the wealth transfer is in your feet, and don’t waste time thinking about it.

Contact me HERE, I have a business strategy for your, liquidity, more sales and assets.

Investors Bets $2 Billion on Stock Market Collapse

We talked a lot about where the big investor put their money that works for them. The reality is, this group represents just the 1% of the population. But it’s good to know where these groups are going to, by looking at their strategy, the 99% can learn how to at least take care our money. Remember the investments is just for this group, not for the 99%.

george-soros.gi.top
George Soros

Lest’s check what Mr. Soros, a multibillionaire, put his money that works safety.  After this analysis, what you do for securing your money?__

Soros nearly doubled his ownership in a U.S. gold-mining companies ETF [Exchange-traded fund] and initiated new stakes in other gold producers, suggesting the big names in hedge funds continued to have confidence in the yellow metal, Reuters reports.

Soros Fund Management increased its stake in Market Vectors Gold Miners ETF to 2.05 million shares valued at $54 million at the end of the second quarter, compared with 1.16 million shares in the first quarter.

“Gold-mining stocks are considered relatively cheap. It also suggests that Soros may be thinking gold prices are near the bottom of the range,” Bill O’Neill, partner at commodities investment firm LOGIC Advisors in New Jersey, told Reuters.

Soros also initiated new gold investments including 1.33 million shares in call options of the Gold Miners ETF valued at $35 million, and 1 million equity shares in Allied Nevada Gold Corp.

Meanwhile, Soros slashed his stake in Barrick Gold Corp. by more than 90 percent to less than half a million shares valued at just $8.8 million in the second quarter after boosting ownership of the gold miner in the first quarter.

Gold has become increasingly attractive to hedge-fund managers who are long-term investors as real interest rates remain negative,” said Axel Merk, a Moneynews Insider and chief investment officer of the $400 million Merk Funds, a family of currency mutual funds and the Merk Gold Trust, a gold ETF.

Investors have stayed away from the metal amid mounting speculation that the Federal Reserve will increase its benchmark lending rate. The central bank reduced its monthly bond-buying program to $25 billion on July 30, making a sixth consecutive $10 billion cut, while it held borrowing costs near zero percent.

Goldman Sachs last month repeated its prediction that gold will drop to $1,050 in 12 months. The bank cited accelerating U.S. economic growth. Friday, gold fell 0.9 percent to $1,304.30 an ounce, paring an earlier decline of 1.7 percent.

Learn more on [Gold price manipulation]

Speculators decreased bets on a gold rally by 15 percent to 104,111 futures and options in the week ended Aug. 5, the biggest drop in two months, U.S. government data show.

Money managers who oversee more than $100 million in equities must file a Form 13-F within 45 days of each quarter’s end to list their U.S.-traded stocks, options and convertible bonds. The filings don’t show non-U.S. securities or how much cash the firms hold.

Investors pay close attention to the quarterly filings because they provide the best insight into whether the so-called smart money has changed its sentiment toward gold as a hedge against inflation and economic uncertainty.

Learn more on [Private Issue Global Gold Currency Revealed]

However, rival money managers cautioned against putting too much weight into what is apparently a pessimistic view of U.S. stocks, given that Soros Fund Management may simply be looking for a hedge to counterbalance its many long stock positions.

“Hedge fund stocks have really gotten destroyed in the last three weeks,” one long-short stock manager told CNBC. “We’re in a difficult time here.”

In September 1992, Soros made at least $2 billion on his shorting of the English pound forced the Bank of England to devalue the currency and leave the European Exchange Rate Mechanism (ERM).

__So, now we know Mr. Soros will be going to secure his money with Gold, what are you going to do?
Let me suggest a simple strategy: exchange your money for gold too, but more simple, start with 1 gram at the time, no investments, no ETF, no Brokers fees, and no risk.

Take your gold in your hands, like the countries, the billionaires, the rich and the smart people that don’t trust in their fiat currency. 

Contact HERE for more information.

(Bloomberg News and Reuters contributed to this article.)

Private Issue Global Gold Currency Revealed

Why wait for governments when the Free Market can fix the currency crisis itself? Dan Girolmo, a Karatbars Gold Director Elite joins Gary Franchi to roll out the worlds first private issue international Gold Currency.

 

Fiat money is, of course, “fake” money. It is printed on paper, and secured by no real collateral. Commodity money is the opposite. It is still printed on paper, but is usually secured by collateral of some kind (usually gold ie: the gold standard).

Most fiat money is actually secured by the issuing government’s ability to keep its currency stable. This is how America operates it’s currency. It keeps its value based solely on the American government’s ability to not screw it up. It allows for much easier manipulation of the currency, but can be risky during economic turmoil (like right now).  [Commodity Money vs. Fiat Money]

Start  Saving With Gold Today! Get your own Karatbar account right now with a Free REGISTRATION. Fill out the form as a client. 

If you prefer to speak with me, just click HERE and I’ll personally contact you shortly.

Wall Street concerned over China’s gold hoarding

China-Gold

If you are the type of person that thinks “when the gold price is going down” its not time to “invest” in this precious metal, then maybe you will be actually waiting for the price will to go up to sale. Check out  what the major investment bank in China does when the price goes down.

The People’s Bank of China, China’s central bank, is the world’s biggest gold hoarder and the bane of Wall Street traders, reports the Chinese-language financial news website BwChinese, citing a Hong Kong financial analyst.

Leung Hai-ming told the portal that China’s central bank took advantage of the US Federal Reserve’s quantitative easing program in 2013, when the price of gold fell by 27%. The bank bought in over 1,000 tonnes of gold, representing almost one third of the world’s 3,756 tonnes last year.

goldcore_bloomberg_chart2_09-12-13

There is reportedly less than 180,000 tonnes of gold reserves left, and only 20% of that remaining gold is tradable. This means that the People’s Bank of China will likely keep hold of the gold, limiting the gold trading volume — a concern for both the US government and Wall Street traders.

Leung said that the US Federal Reserve loans gold to investment banks such as Goldman Sachs, Citibank, JPMorgan Chase, Morgan Stanley and others every year to trade in the market. The amount of gold ranges between 400-500 tonnes and the move acts to artificially suppress gold prices. When the prices are in their favor, these investment banks buy back the gold and return it to the Fed.

But this measure is absolutely useless because China’s is hoarding the gold and does not follow the rules, Leung said. When it sees that gold prices are going down, the first thing it does is buy them, and does not sell when prices continue to fall. It seems that Wall Street cannot do anything to counter China on this, according to Leung.

The analyst said that the People’s Bank of China is putting pressure on Washington and Wall Street as the US dollar has been linked with gold prices since its rise as the leading global currency. The Fed hopes to manipulate gold prices in its favor, Leung said, but the Chinese central bank is standing in its way.

The 99% of the population has to understand to “protect” the money that already earn. Take a chance of the lowered price and buy 1 gram at a time…. on your own time, no obligations, free account and be ready for the new monetary policy. Depending on just a piece of paper (Fiat Money), is so dangerous for your family’s economy, people need to have a real “gold currency” click Here for more information.

Patrick Iturra

Source: wantchinatimes.com