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Video instructions and help with filling out and completing Which Form 8865 Acquisition

Instructions and Help about Which Form 8865 Acquisition

Music, it's really simple. You know, my poor dad always said to me, "Go to school and get a high-paying job." That's not well, this is a job and get fired, you know, and then my Rich Dad, Alice, worked for assets. So, there are basically four asset classes that make a person rich, and there's lots more, the subheadings and all this. But number one is a business. The richest young guys today, start companies like Facebook and Apple, stuff like that, you know? Number two is real estate. So, what my rich dad taught me is a combination of being an entrepreneur in business and an entrepreneur in real estate. Just that combination makes me pay no tax and make a lot more money, okay? So, a lot of guys who have a business will say, "Well, how much real estate do you have?" Without real estate, you pay tax. That's the problem. And then this paper, which is stocks, bonds, mutual funds, and savings. That's what most people should be in. Savings are good, like stocks, bonds, mutual funds. They're liquid. You can make a mistake and get in and out real quick. Go liquid. The trouble with these two is that once you make a mistake, you're there forever. You can't get out. So, you have to be very smart before you go in. And the last is commodities. You know, like oil. And if the price of oil goes down, people sell and you lose money. But not me, because in the U.S., if you deal in oil, you get tax breaks. I must invest a million in oil. I get 800,000 back. So, I get an 80% return day one. So, oil is very, very profitable. That's why I don't invest in oil stocks....