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Alexandria



Last Updated: 3/26/2009

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Gender: Female
Status: In a Relationship
Age: 38
Sign: Aquarius

City: Minneapolis
State: Minnesota
Country: US
Signup Date: 8/5/2007
Sunday, January 11, 2009 

Current mood:  accomplished
Category: Goals, Plans, Hopes
It's a fact of life that you will have to pay your taxes each year, and it's equally inevitable that you'll hear people complain about them. Those who are tired of grumbling about having to pay their own taxes will often grouse about how much money the rich manage to avoid paying. No matter how one looks at it, it seems unfair-- those with less bear the greater part of the burden while the wealthy have lawyers working around the clock finding new ways for them to avoid paying their share.  With this state of affairs, it's no wonder that the lower and middle classes resent the rich.

Unfortunately, simply recognizing injustices and complaining about them isn't sufficient to change the ways of the world. The rich will inevitably have money and therefore power, and they will use this power to stack the deck in their favor, particularly when it comes to using tax breaks to keep their money.  They will claim that there simply isn't enough money for everyone to get what they need, all the while cutting corners and keeping their spoils for themselves.  This extends to elected officials as well-- how many poor politicians have you heard of?  

Because this is the way our society works, you can either sit and feel sorry for yourself or you can take steps better your situation.  The truth of the matter is that, if you know the secrets of the rich, you can get these same tax benefits that the rich enjoy.

In his Rich Dad book series, Robert Kiyosaki advocates figuring out what the rich do to be rich, and do that. Except that you don't have to figure it out. He didn't even have to figure it out, because he had a rich "dad" to tell him the secret of the rich: investing. Especially in real estate.

Kiyosaki's book "Cash Flow Quadrant," is centered around the titular diagram, which consists of a square split into four quarters labeled 'E' (employee), 'S' (self-employed), 'I' (investing) 'B' (business).  These four categories not only describe the four ways in which individuals make their money, but also provides insight into how an individual's personality factors into the way in which they think about money.

Kiyosaki prefers to belong to the Business and Investment quadrants because that, he says, is where the money is.

As they say, if you can't beat 'em, you've got to join 'em. This is doubly true when you're talking about the wealthy. With this mindset, you'll realize that tax breaks for the rich aren't really so bad, since you can take advantage of them when you become rich.

The path to riches is actually very simple; all you've got to do is start investing, or join the 'I' quadrant.  If you have a high-paying job, you may be able to do this without leaving the 'E' (employee) or 'S' (self-employed) quadrants, but Robert Kiyosaki advises that you move into the 'B' or business quadrant, devising a system that will make you money regardless of whether you are putting time into it or not.

At the end of the day, those who invest in real estate, regardless of the type of property, are the ones who manage to join the ranks of the rich.

About the Author: Alexandria P. Anderson is an Edina real estate agent that helps people to find and purchase Edina homes and properties in the Twin Cities of Minnesota.