Skip to main content

The History of taxes and the power of corporations

The reality is that the rich are not taxed. It's the middle class, especially the educated upper-income middle class, who pays for the poor.

Every time people try to punish the rich, the rich don't simply comply. They react. They have the money,power, and intent to change things.

If you work for money, you give the power to your employer. If money works for you, you keep the power and control it.

Knowledge is power. And with money comes great power that requires the right knowledge to keep it and make it multiply without that knowledge, the world pushes you around.

"Be smart and you won't be pushed around as much."
"If you know you're right, you're not afraid of fighting back."

Each dollar in my asset column was a great employee, working harad to make more employees and buy the boss a new porsche.

Financial IQ is made up of knowledge from four broad areas of expertise:
1.Accounting is financial literacy or the ability to read numbers. Financial literacy is the ability to read and understand financial statements which allows you to identify the strengths and weaknesses of any business.

2.Investing - This involves strategies and formulas that use the creative right-brain side.

3.Understanding markets is the science of supply and demand. You need to know the technical aspects of the market which are emotion - driven, in addition to the fundamental or economic aspects of an investment.

4.The law - A person who understands the tax advantages and protections provided by a corporation can get rich so much faster than someone who is an employee or a small business sole proprietor.

Comments

Post a Comment

Popular posts from this blog

Learning from adversity

 If they knew that every form of defeat, and all failures, bring them the seed of unborn opportunity, they would keep on fighting and win. Success usually is but one short step beyond the point where on quits fighting. Failure is a man made circumstance. It is never real until it has been accepted by man as permanent. Failure is a state of mind; Therefore, it is something an individual can control until he neglects to exercise this privilege. Failure brings a climax in which one has the privilege of clearing his mind of fear and making a new start in another direction. Failure proves conclusively that something is wrong with one's aims or the plans by which the object of these aims is sought. Failure is the dead end of the habit-path one has been following, and when it is reached it forces one to leave that path and take up another, Thereby creating a new rhythm. It gives an individual an opportunity to test himself wherein he may learn how much will power he possesses. Failure als...
Post a Comment
Read more

THE SUCCESS HABIT

“Success is simple. Do what’ s right, the right way, at the right time.”  —Arnold H. Glasow The choice we face is whether or not we want to form habits that get us what we want from life. If we do, then the Focusing Question is the most powerful success habit we can have. Whenever the outcome absolutely matters, I ask it. I ask it when I wake up and start my day. I ask it when I get to work, and again when I get home. What’s the ONE Thing I can do such that by doing it everything else will be easier or unnecessary? And when I know the answer, I continue to ask it until I can see the connections and all my dominoes are lined up. Obviously, you can drive yourself nuts analyzing every little aspect of everything you might do. I don’t do that, and you shouldn’t either. Start with the big stuff and see where it takes you. Over time, you’ll develop your own sense of when to use the big picture question and when to use the small-focus question. The Focusing Question is the found...
Post a Comment
Read more
 All great leaders in every walk of life are highly sexed, but they follow the habit of controlling their sex desires, switching them into a driving force behind their occupation. The person who has self discipline understands the emotion of sex, respects it, and learns to control and transmute it into contructive activities. Q: Just what damage is there in over-indulgence of sex? A: The greatest damage is that it depletes the source of man's greatest driving force, and wastes, without adequate compensation, man's creative energy. Controlled sex supplies the magnetic force that attracts people to one another. It is the most important factor of a pleasing personality. It gives quality to the tone of voice and enables one to convey through the voice any feeling desired. It serves, as nothing else can serve, to give motive power to one's desires. It keeps the nervous system changed with the energy needed to carry on the work of maintaining the body. It sharpens the imagination...
Post a Comment
Read more